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...Before the current financial crisis began in 2007, U.S. corporate profits were at their highest level ever, both in absolute terms and as a percentage of gross domestic product. It's awfully hard to imagine a return to that kind of profitability anytime soon. Welcome to the new normal...
...trouble is that the law was passed by Congress and, if Obama decided to go around the legislature, he would face political blowback. The current law allows gays to serve, so long as they keep their sexual orientation secret. The legislation means that a majority of the 535 members of Congress is going to have to vote to undo the ban - and that will have its political fallout. Obama is plainly taking his cue from the 1993 fiasco, which hurt Clinton's relationship with conservative members of Congress, both Democratic and Republican, and with many in uniform...
...milestone. Traditionally, Old Dominion Democrats have tended to nominate statewide candidates from the more conservative, southern part of Virginia - those who can appeal to enough moderate voters near Richmond while still holding on to the more Democratic-leaning north - politicians like Senator Jim Webb, retiring Governor Tim Kaine and current gubernatorial hopeful Creigh Deeds. But when Virginia Democrats go to the polls Tuesday to pick their nominee for governor, they'll be choosing between Deeds and two decidedly more liberal or Beltway establishment candidates, former Democratic National Committee head Terry McAuliffe and former northern Virginia State Representative Brian Moran...
...Kang Chol Hwan, author of The Aquariums of Pyongyang, his account of the 10 years he spent as a prisoner in the North (Hwan's grandfather and other family members were also arrested by the security police in North Korea for "crimes" never delineated). The American journalists, employed by Current TV, a San Francisco-based TV network founded by former U.S. Vice President Al Gore, were filming a report about North Korean refugees in China when they were seized by North Korean agents along the border between the two countries. The U.S. government immediately expressed its dismay and called...
...most visible success of the so-called Sunshine Policy run by Roh Moo Hyun, the former South Korean President who committed suicide in May. Pyongyang revoked all the contracts at Gaesong last month and has continued to hold the businessman, apparently as a way to express its anger at current South Korean President Lee Myung Bak's harder line toward the North...