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...easy to spread the blame for this sorry state of affairs. The meeting is being held under the auspices of the G20, an informal grouping that has none of the bureaucratic trappings that can help ensure fine words are turned into concrete action. Reaching a consensus among the U.S, Japan and Europe in the old G7 cartel was hard enough; doing so in the G20, which includes China, India, Russia, Brazil and Mexico, is exponentially harder. It doesn't help that members' interests vary so sharply. China, for example, owns so much U.S. government debt that it's publicly worrying...
...extremists who can destroy but who fail to construct alternatives that improve daily life, members of the post-9/11 generation are increasingly relying on Islamic values rather than on a religion-based ideology to advance their aims. And importantly, the soft revolution has generated a new self-confidence among Muslims and a sense that the answers to their problems lie within their own faith and community rather than in the outside world. The revolution is about reform in a conservative package...
Although he is the first U.S. President to have lived in the Muslim world and to have Muslim relatives and a Muslim middle name, Obama is likely to face skepticism even among those who welcomed his election. In an open letter on the day of his Inauguration, the 57-nation Organization of the Islamic Conference appealed for a "new partnership" with the Obama Administration. "Throughout the globe, Muslims hunger for a new era of peace, concordance and tranquility," wrote Ekmeleddin Ihsanoglu, secretary-general of the conference. He then pointedly added, "We firmly believe that America, with your guidance, can help...
That requires an extreme amount of horsepower--the computational power of DreamWorks' render farm puts it roughly among the 15 fastest supercomputers on the planet. The studio partnered with Hewlett-Packard and Intel and built an enormous test bed on more than 17,500 sq. ft. in California. The Silicon Valley companies are hot on 3-D because they believe it's how people will navigate the Web and the desktops of their PCs and that it will be standard on computers and HDTVs...
Poor's Publishing (later Standard & Poor's) started selling its bond ratings to investors in 1916; Fitch followed suit in 1924. In the 1930s, federal regulators began using these private ratings to evaluate the safety of banks' holdings, among other things, but the importance of the agencies waned following World War II as bond defaults became rare. The economic turbulence of the 1970s raised the industry's profile again. In 1975, the Securities and Exchange Commission (SEC) deemed certain firms "nationally recognized statistical ratings organizations"--making a sign-off from a ratings agency a necessity for anyone selling debt...