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...saying that Europe was a "political dwarf in ... the rapidly changing geopolitical environment." There's an element of truth to the charge, but it goes too far. For one thing, it ignores the triumphant role of exemplar that the European Union has played in the last two decades. Yes, the pettifogging rules and endless bureaucratic wrangling of the E.U. may be easy to satirize - and when asked in referendums, Europeans repeatedly indicate that they do not want the E.U. to turn into a giant superstate. But it was the promise of accession to the E.U., with all its economic benefits...
...first two are good reasons for Congress to take the carmakers' pleas seriously--a shutdown of GM is not what anybody wants now. The third argument is more problematic. Yes, GM and the other automakers have cut costs sharply, especially since 2005, and the United Auto Workers union has made historic concessions. But GM could accomplish even more along those lines, plus reduce the big debts it has incurred trying to settle pension and retiree health-care obligations, under Chapter 11 protection...
...Yes, there is going to be a Christmas. Americans buy gifts even in trying times. How much they'll spend remains the big question. Says Bill Martin, a co-founder of ShopperTrak, a retail-information company: "Consumers are going to want to have their Christmas this year with all the bad news they...
...Yes, even in Japan, the President-Elect of the United States is a media darling. Well before this month's election, Obama fever was in full swing in a small town in western Japan called Obama, where residents formed hula teams in homage of the politician's Hawaii years. Ten months ago, Notchi didn't even know who Barack Obama was until his wife mentioned he looked like the up-and-coming politician. "I thought Obama was a pro wrestler or a fighter or something," the comedian recalls, wearing the dark suit - originally purchased for weddings and funerals - that...
...Eighteen centimeters shorter and 20 kg lighter and, to state the obvious, Japanese, Notchi is not exactly a dead ringer for his muse. But he does bear a resemblance that is propped up by some signature moves: clenching his hand lightly and holding up his index finger while repeating, "Yes, we can! Change we need!"; stating, "My name is Obama!," while narrowing his eyes slightly and looking into the distance; and walking lightly with one hand in his pocket - a stance that has been praised by the security guards at Obama's Chicago home, who said that's exactly...