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...Nano will shoot up briefly, people will be in line, and then Consumer Reports will review it. And it's going to get the reviews you'd expect: it has one windshield wiper, its door panels are glued on from what I've read, it has tires the size of pizzas, its seats are bolted to the floor, O.K.? You're looking at a car that costs $2,500 and uses dated technology...
...beginning of 2000, it cost the U.S. government more than 6.5% to borrow money. Now it costs less than 2.5%. That means we can borrow 2½ times as much today for the same cost. Also, the overall economy has expanded dramatically, and relative to the size of the economy, the debt isn't particularly high by global standards. (See pictures of the global financial crisis...
Worrying about debt is like gaining too much weight and worrying about the size of your clothing. America's indebtedness would be sustainable and even healthy if the underlying economy were vibrant, innovative and strong and if federal and state governments could channel those moneys productively and quickly. The problem isn't how much debt we're carrying today; it's whether the economy of tomorrow will be able to justify...
...smoother, steadier yet no less exhilarating alternative, Europeans and an increasing number of Americans are hopping onto kickbikes. Invented in Finland in the 1990s, these hybrids combine a bicycle's body and handlebars with a pedal-free platform to stand on and pneumatic tires that dwarf the Rollerblade-size wheels on regular scooters. (See how kickbikes are helping dog walkers pick up the pace...
...blogosphere--the truth is that our planet still has the potential to surprise us. On Feb. 26, a team of French and Australian scientists reported news of a huge iceberg's collision with the Mertz Glacier on the eastern coast of Antarctica. A chunk of sea ice approximately the size of Luxembourg was gouged out. Owing in part to warming global temperatures, Antarctica is losing ice all the time--about 24 cu. mi. (100 cu km) worth each year--a development that is slowly but steadily raising global sea levels, and scientists worry that climate change could suddenly accelerate that...