"Is she O.K.?" a customer asks.
"My mom?" asks Kristy, the waitress.
"Yes," the customer replies.
Since Sunday, the front page of the New York Times has been featuring a portrait in five parts of Elyria, Ohio (pop: 55,000), seen mostly through the lens of a local diner. (Second link is to a full multimedia feature, but direct links to the five individual articles can be found within.) [more inside]
posted by zarq
on Oct 18, 2012 -
[E]ven if you are unemployed you still receive a base amount of [vacation money] from the government, the reasoning being that if you can’t go on vacation, you’ll get depressed and despondent and you’ll never get a job. [...]
But does the cartoon image of [the Dutch system] — encapsulated in the dread slur "socialism," which is being lobbed in American political circles like a bomb — match reality? Is there, maybe, a significant upside that is worth exploring? [...] I think it’s worth pondering how the best bits might fit.
I.M.F. Report Says U.S. Deficits Threaten World Economy With its rising budget deficit and ballooning trade imbalance, the United States is running up a foreign debt of such record-breaking proportions that it threatens the financial stability of the global economy, according to a report released Wednesday by the International Monetary Fund. Prepared by a team of I.M.F. economists, the report sounded a loud alarm about the shaky fiscal foundation of the United States, questioning the wisdom of the Bush administration's tax cuts and warning that large budget deficits pose "significant risks" not just for the United States but for the rest of the world. The report warns that the United States' net financial obligations to the rest of the world could be equal to 40 percent of its total economy within a few years--"an unprecedented level of external debt for a large industrial country," according to the fund, that could play havoc with the value of the dollar and international exchange rates. From The Brookings Institute: Sustained Budget Deficits: Longer-Run U.S. Economic Performance and the Risk of Financial and Fiscal Disarray (Full Report PDF)
posted by y2karl
on Jan 8, 2004 -