Word: hardes
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Back in Lyudinovo, snow is falling heavily. Andrei Petrov, the biggest retailer in town, owns many of the stores, including the new emporium, and also runs a wholesale-distribution business to supply them. Getting in to see him is hard. A security guard wants to know whether we are American spies. Petrov's deputy, Viktor Denisov, nervously locks his office door when he crosses the corridor to see his boss. Petrov is deliberately cagey about business prospects. Yes, an economic crisis is now raging, "but this is not the first time we've had one," he says. Indeed, back...
DIED While living a hard-drinking rock-'n'-roll lifestyle, John Martyn, 60, the British folk singer--songwriter, influenced artists such as Eric Clapton, U2 and Pink Floyd's David Gilmour...
...hard to take Republican leaders too seriously when they criticize the recovery plans for the economy; it's sort of like those geese criticizing the evacuation plans for US Airways Flight 1549. Their critiques seem even more comical when you see their alternatives. They warn that President Obama's stimulus package will explode the debt--so they want to make George W. Bush's debt-exploding tax cuts permanent. They say Democratic spending plans are full of pork--then they propose an extra $24 billion for the Army Corps of Engineers, the federal equivalent of Oscar Mayer. Let's just...
...November, and Obama won. This crisis is an ideal opportunity for him to start keeping his campaign promises: providing tax relief and health security to ordinary Americans, restoring our economic competitiveness and reducing our dependence on environmentally disastrous fossil fuels, which increases the power of our enemies. It's hard to imagine when he'll have a better opportunity. Nothing in the historical record suggests that when Congress has more time to deliberate--and more time to confer with special-interest lobbyists and local-interest political advisers--it enacts fair tax policies, sustainable energy policies, wise infrastructure policies, responsible fiscal...
...long-term priorities but whether he will. He has said repeatedly that he wants to invest our children's money wisely, but he's also eager to blast money into the economy quickly, attract bipartisan support and let Congress work its will. So it's not clear how hard he'll push to fund his long-term agenda. But he should ignore the partisan gripes that the stimulus is becoming a "Christmas tree." Congress is about to toss almost $1 trillion into the economy, which means that any stimulus is going to be a Christmas tree, no matter where...