Word: wall
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...other side of the wall, narrow paths led to houses and small shops selling playing cards, cold drinks, Mao’s red book. I stopped at a table with three bamboo waterwheels. The man carving another at a bench farther from the road came over and showed me how to turn the level so the twisting wheel would touch off the tiny hammers. He told me he spent three days carving each one. I didn’t know how to transport one of these to Hong Kong without breaking it. He took me inside his house to offer...
...clear departure from the historical norm, the White House is not cheering the return of huge profits to Wall Street. On the contrary, the recent windfalls at Goldman Sachs and JPMorgan, and the promise of giant year-end paydays for banking executives and traders, has caused a bit of consternation in the West Wing, coming as it does so soon after the taxpayer bailouts saved the entire financial system from total collapse...
...were a Wall Street firm, I would perhaps be cognizant of the fact that the financial regulatory-reform process is only beginning in Congress," warns a senior White House official, speaking about the political problems that huge paydays at Wall Street firms could create later this year, when new laws to regulate the industry will be written on Capitol Hill. Officials have also begun to worry aloud whether the Wall Street firms learned anything from the catastrophic financial crisis that was largely of their making or whether they are now returning to the old business of making short-term profits...
...talking up the possibility of setting up a public plan only as a fallback if the private-insurance industry fails to create a robust and competitive market for health coverage. "The goal is to have a means and a mechanism to keep the private insurers honest," Emanuel told the Wall Street Journal. "The goal is nonnegotiable; the path is" negotiable. (See the top 10 medical breakthroughs...
Marking an Epoch Thank you for your special issue on 1989 [June 29 - July 6]. The memory of '89 is still within all of us, and sharply informs our current world. Whether they show the killings at Tiananmen Square or the fall of the Berlin Wall, the images of that momentous year reverberate to this day. TIME did a great job in reviving them. Nischal Poudyal, Kathmandu...