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Strong words, and ominous for Rowan Williams, the Archbishop of Canterbury, who next month will convene the Communion's once-a-decade Lambeth Conference. If all the conservatives walk out, they will diminish attendance at the July 20 conference by more than one-quarter. (Liberals assert that the number of abstainers will be much smaller.) The entire process could well result in the diminution of the power of the Archbishop of Canterbury, the titular head of the Communion and the closest thing the denomination has to a Pontiff...
...want to secure our borders, but we can't wall ourselves off from Mexico," says Representative Ciro Rodriguez, a Texas Democrat whose district covers 585 miles (941 km) of the southern U.S. border--more than a quarter of its total length. Given the historic ties, family ties and economic ties connecting the two countries, the long-term solution to border security is a robust Mexican economy. "Mexico is the No. 1 trading partner of Texas," Rodriguez says. "If they...
After Lehman weathered the Bear scare, Einhorn began to speak out. He said in April that the firm needed to cut its borrowing dramatically. Then in early May he began pointing out apparent gaps in its first-quarter earnings report. His comments, he later told me, amounted to saying, "Gee, there's a naked emperor...
...weeks, Lehman battled Einhorn's assertions. Some of the Wall Street analysts who follow the firm dismissed him as a half-informed dabbler. Then Lehman disclosed that it had lost $2.8 billion in the second quarter. It raised $6 billion by selling new shares, addressing Einhorn's concerns about overindebtedness. It removed its chief financial officer and chief operating officer. Chief executive Richard Fuld got on the company public-address system and declared, "Einhorn didn't lose us $2.8 billion. We lost...
...calendars, neither of which included a summer hiatus. Rural schooling was divided into summer and winter terms, leaving kids free to pitch in with the spring planting and fall harvest seasons. Urban students, meanwhile, regularly endured as many as 48 weeks of study a year, with one break per quarter. (Since education was not compulsory, attendance was often sparse; in Detroit in 1843, for example, only 30% of enrolled students attended year-round...