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...Cambridge don was right: he had a journalist's mind to go with a diplomat's gifts of persuasion and tact. In the '30s he talked himself into a job as the BBC's movie critic. Soon he was doing political reportage and a kind of social commentary, never taking sides (even his children didn't know whom he'd voted for). In these stints, as in his Masterpiece Theater introductions, he'd often sketch out a speech, then deliver it without script or teleprompter, trusting his memory and high-wire poise. He was as much an improv master...
Citigroup may soon get all the sleep it needs. Investors are growing increasingly concerned that the global financial behemoth could go the way of Bear Stearns, Lehman Brothers and Merrill Lynch. Shares of the company, which was once the world's largest bank, closed at $3.77 on Friday. The company's board members reportedly met on Friday and will continue to talk over the weekend to discuss the firm's options. There are a number of possible outcomes, not all of which conclude with the end of Citi. "Somehow they need to get the price of their stock up," says...
...addressed over the coming decades, as the IEA's report makes clear. Take oil consumption, which the IEA predicts will rise from 86 million barrels a day to 106 million barrels by 2030 (one of the main reasons why the days of triple-digit oil prices will return soon enough). Production at many top oilfields is declining slowly, but that drop-off will accelerate over time. Just to make up for that decline, we'll need to add 45 million barrels a day of capacity by 2030 - roughly four times the current capacity of Saudi Arabia...
Conventional wisdom in Washington holds that President-elect Barack Obama will soon invite current Defense Secretary Robert Gates to extend his stay in the Pentagon. Conventional it may be, but not necessarily wise, says Lawrence Korb, who served as a senior Pentagon official in the Reagan Administration and is currently a defense expert at the Center for American Progress. "It has more minuses than pluses," says Korb about the idea to keep Gates in place. "If President Obama wants to make any dramatic changes in the Pentagon, he's going to have to do them in his first year...
Cheap Flights to NYC. The budget airline Southwest - which prides itself on being the last no-fee airline - will soon bring its cheap and cheerful service to New York City's La Guardia Airport. Combine the rock-bottom flight with a low-cost stay at The Jane hotel, and a trip to New York City may be in reach for even a recession-era budget. (See 10 things to do in New York...