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Just a few weeks ago, Chancellor Angela Merkel seemed content to coast along and see just how bad the financial crisis would get before taking action. As world leaders were piling up huge bailouts, Merkel promised only modest aid for the German economy, and members of her Cabinet even ridiculed other European leaders for engaging in a race to see who could spend the most. But as the new year gets under way, Merkel has clearly joined the race and may be moving ahead of the pack...
...stimulus money will be earmarked for investment in long-term infrastructure projects that will help revive the construction industry, for aid to companies to reduce layoffs and for education. Data on German industrial orders indicate there will be no respite soon. Figures out Thursday showed orders fell a huge 6% in November from the month before, and orders in the final quarter of 2008 were down 43.6% from the same quarter a year ago. (See pictures of the global financial crisis...
...gleaming, wafer-thin lineups from Sony, Samsung, Sharp and LG, which have managed to shrink their screens down to half an inch in depth while offering screen sizes in the 100-in.-plus range. OLED TVs, using an amazing new display technology that draws little power but offers a huge array of colors, are now hovering around 21 in., which means that competitive sizes at competitive prices with plasma and LCDs ought to be available in another year...
...send it to OPEC. The American people have demonstrated beyond a doubt that they can and will get by with less gas if there is a compelling reason in the form of a higher price at the pump. The enormous, unstated side benefit of Kinsley's proposal is a huge step toward energy independence. Who did not enjoy seeing the OPEC ministers being forced to reduce production because of reduced demand in the U.S. and worldwide? I wonder if our elected representatives will have the courage to pursue Kinsley's idea. Richard Parins, Sarasota...
...Kagan won students’ approval by providing free coffee, hot chocolate, and bagels, installing an ice skating rink, and renovating the student center. These small changes paid huge dividends, humanizing a school that had grown synonymous with impersonal treatment and apathy towards student life, students said...