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...maybe not. The worst of the crisis is almost certainly behind us, but that doesn't mean the crisis is over. Lying ahead are a slew of unresolved problems, policy challenges and, no doubt, further surprises. Unemployment remains a serious global issue, and may yet get worse; excess capacity left over from the boom years haunts the recovery; and the drastic stimulus programs utilized to fight the recession are creating a new menu of potential troubles. Dominique Strauss-Kahn, managing director of the International Monetary Fund, said in an address in London in late November that "the storm has passed...
...Scary stuff, indeed, but so far, that worst-case scenario doesn't appear to be materializing. The central bank of the United Arab Emirates promised on Sunday to stand behind the country's banks with fresh liquidity, causing stock markets in Asia to rebound on Monday. Nevertheless, the Dubai debacle is just the kind of dangerous unknown that can still arise out of the financial crisis, even while a general recovery is under way. Financial crises change the rules of the game, especially when it comes to determining how money flows, and where and to whom. Perceptions of risk among...
...good sign that the pendulum is swinging back." One way states and local governments can bring that about, he adds, is by adopting so-called complete-streets policies that build new thoroughfares or revamp existing ones with more than just car usage in mind. (See the 50 worst cars of all time...
This month, highway-hugging Floridians are seeing perhaps the most convincing evidence yet that they need an attitude adjustment. A study by the nonprofit Transportation for America in Washington, D.C., lists the most dangerous metropolitan areas for pedestrians, and the worst four just happen to be in the Sunshine State: Orlando, Tampa, Miami and Jacksonville. It may seem like an astonishing find, but it's not actually all that surprising: 490 pedestrians were killed by cars in Florida last year, the most in any state, and South Florida consistently ranks as one of the worst pockets...
...impressive response to our worst performance at Army,” Harvard coach Tommy Amaker said. “I was really pleased to see how our kids were very focused, very determined against a team that is a lot better than what they displayed tonight...