Word: thawing
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...news. Indeed, as the market sank on Tuesday, President Obama not only signed the $787 billion stimulus into law, but added that there could be yet another stimulus package if needed. Moreover, recent reports from the credit markets indicate that the great credit freeze may finally be starting to thaw. Morgan Stanley says that its analysts are seeing an improved credit landscape in most of the industries they track. "With the exception of utilities, a clear majority of firms in every other sector reported that credit availability had either remained the same or become easier over the past three months...
...very lucky and very good, Obama may be able to get U.S. foreign policy out of the red by late in his first term. If the economy starts growing again, if the U.S. troop presence in Iraq drops without a return to anarchy, if there's a real thaw with Iran and if the outlines of a political settlement take shape in Afghanistan, then Obama will have an opportunity to define his agenda rather than having America's weakness define it for him. If he has the chance, my guess is he'll revive a vision that has intrigued progressive...
...resumed direct, daily commercial flights for the first time in almost 60 years, ending the need for travelers to add hours to their trip by changing planes. The flights--as well as direct ship traffic--are seen as a result of Taiwan President Ma Ying-jeou's work to thaw relations with Beijing...
Fifty-five years ago, sex went mainstream. Since debuting in December 1953 with a snapshot of Marilyn Monroe gracing its cover, Hugh Hefner's Playboy helped thaw America's once-frigid attitude toward human sexuality. Playboy remains the genre's big kahuna, and its stew of titillating photo spreads, risqué party jokes and, yes, interesting articles was the original recipe for success in the pornographic magazine business. But the strange, seamy history of smut on paper neither began nor ended with Hef's brainchild...
...artistic thaw didn't begin until the 1970s, as warming relations between the U.S. and China made cultural exchanges possible, including visits by the Philadelphia Symphony in 1973 and violinist Isaac Stern in 1979. That fired the musical interests of the Chinese at the same time the country's domestic policies were boosting music in other, unintended ways. Even during the Cultural Revolution, there was a need for musicians who could play the approved political operas; young people clamored to land those jobs, if only because that would permit them to remain in the city, rather than being sent...