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Main St wonders "people responsible for this are making half a million a year, why do we have to bail them out?"
Melissa Hamlet worries that the stock market's wild swings will mean fewer potential buyers for her home. Restaurant owner Christopher Tocchio fumes that the government isn't holding failing businesses accountable for their reckless decisions. And Mary Vaughan, a recent widow, wonders why government rescues corporate America while she struggles to pay her bills. "I'm paying enough taxes now, and the taxpayers have to bail these big guys out?" she said.
Anger, fear, and shock about the Wall Street meltdown are percolating through conversations along Massachusetts' main streets. A whirlwind week of unprecedented government intervention to prop up the nation's financial system seemed to confirm people's worst fears: The economy is in peril and recovery is far off. Seemingly overnight, nearly everyone felt poorer - homes lost value, 401(k) investments were battered, and jobs, for some, were in jeopardy.
Earth provides enough to satisfy every man's need, but not every man's greed.
Tony Blair begins Faith and Globalization lecture series at Yale, says religion has potential to harm or heal
Former British Prime Minister Tony Blair went back to school Friday, launching his new role as a lecturer on religion at top US university Yale. During the first seminar, he said that religious faith inspired some people to do harm but it also had the potential to do great things in the modern world. The "faith and globalization" course is intended to explore religious faith's power to bring the world's people together instead of driving them apart.
"I genuinely believe that the issue to do with faith and globalization is the single-most determining issue of the 21st century", said Mr Blair During the first seminar, "Faith is important because it motivates people...to do harm. But it also has the potential to do good." The course he is co-teaching as Yale's Howland Distinguished Fellow is linked to the work of the Tony Blair Faith Foundation, which seeks to work for peace between religions in an age of globalization. Blair is also a special envoy of the Mideast Quartet, the group of big powers attempting to coordinate a peace process between Israel and the Palestinians.
Taking best of international cuisine, Melbourne becomes world's latest destination for inventive, delicious food
Melbourne has become the world's latest destination for inventive, delicious cuisine. The term "foodie" is often heard in Melbourne, such a mecca for good eating, you could call it the Southern Hemisphere Paris. Certainly, securing a reservation at chef Shannon Bennett's Vue de monde can be as tough to get as a table for two at one of Joel Robuchon's establishments. Culinary creations by Bennett, 34, a native of Melbourne who looks more like a surfer than a super chef, include what he calls a "virtual gnocchi," a cep puree treated to an in-kitchen chemistry lesson which defines its shape, then served accompanied by sautéed king brown and shimeji mushrooms and zucchini flowers and finished with a tarragon emulsion. Another crowd pleaser is the bouillabaise which is presented at the table in a glass-toped, 1950s-style coffee percolator filled with aromatic shellfish stock. After this concoction is brought to a boil, it is poured into a bowl of tartares of crayfish and king fish cloaked in buffalo mozzarella.
New Poll: Obama regains lead over McCain; voters show major concern with economic crisis, confidence in Biden
Despite an intense effort to distance himself from the way his party has done business in Washington, Senator John McCain is seen by voters as far less likely to bring change to Washington than Senator Barack Obama. He is widely viewed as a “typical Republican” who would continue or expand President Bush’s policies, according to the latest New York Times/CBS News poll.
Polls taken after the Republican convention suggested that Mr. McCain had enjoyed a surge of support — particularly among white women after his selection of Gov. Sarah Palin of Alaska as his running mate — but the latest poll indicates “the Palin effect” was, at least so far, a limited burst of interest. The contest appeared to be roughly where it was before the two conventions and before the vice-presidential selections: Mr. Obama had the support of 48 percent of registered voters, compared with 43 percent for Mr. McCain.
The poll was taken during a period of extraordinary turmoil on Wall Street. By overwhelming numbers, Americans said the economy was the top issue affecting their vote decision, and they continued to express deep pessimism about the nation’s economic future. They continued to express greater confidence in Mr. Obama’s ability to manage the economy, even as Mr. McCain has aggressively sought to raise doubts about it. read more »
Season turnaround: an emotional Federer claims 5th consecutive US Open victory, sets sights on Sampras record
So many of Roger Federer’s 13 grand slam trophies had been presented as the smooth work of a genius, as if there were nothing simpler in the world for the Swiss than easing through a draw-sheet. However, his latest triumph was not quite like that.
While Federer winning a fifth consecutive US Open title could never be seen as a shock result, he felt as though this slam title “had a different flavor”. And New York clearly savored that “different flavor”; here was something new in the Federer narrative.
Perhaps the tennis public had previously started to take Federer a bit for granted, believing that his slam victories had become almost too easy. His tennis at the start of this year was complicated by a bout of glandular fever, he lost in the semi-finals at the Australian Open to Novak Djokovic, and then finished as the runner-up to Rafael Nadal at Roland Garros and Wimbledon. The top ranking switched to the Majorcan over the summer. read more »
Ron Paul addresses crowd of more than 10000 people at Minneapolis rally, counter-convention rivals RNC next door
MINNE- APOLIS, Minnesota (CNN) -- While Republicans pow- wowed in St. Paul, sup- porters of Ron Paul threw their own party in neighboring Minneapolis. "Freedom brings people together," Paul said before a sold-out crowd at Tuesday's Rally for the Republic.
Paul, who said he entered the presidential race reluctantly, told the roaring audience, "I lost my skepticism. I hope you lost your apathy." As the congressman stepped on stage, red, white and blue confetti fell from the ceiling during a two-minute standing ovation.
Paul said he entered the presidential race not because of what he wanted to do but because of what he did not want to do. "I did not want to run people's lives. I did not want to run the economy and I did not want to run the world. I didn't have the authority to do it, and I didn't have the Constitution behind me to do it," said Paul, who has served in the House of Representatives for more than 30 years.