Katie Paul

Stories by Katie Paul

  • Breakfast Buffet, Tuesday, March 24

    Newsweek's daily serving of news and views on the economy from around the world. The Geithner Asset Plan: The Wall Street Journal grudgingly endorses the Geithner plan, pointing to the market rally as evidence that any plan--whatever its pitfalls--is better than uncertainty.The Bank Rescue: The New York Times offers a less optimistic assessment. Its editorial says buying up toxic assets puts taxpayers at too much risk, instead proposing that the government dissolve and restructure failing banks. Joseph Stiglitz agrees.The Importance of Empty Words: FT's Gideon Rachman predicts that insincere gestures will probably be all that come out of the upcoming G20 summit in London. But, he insists, those gestures at least set a standard for free trade at a time when the world's big players are tempted toward protectionism.Out With the Dollar:  China's central bank wants to replace the US dollar as the international reserve currency with a new global system controlled by...
  • The Second World's Debutante Ball

    The genesis of the G7 was a cigars-in-the-backroom kind of affair. Finance ministers from the US, Britain, France and Germany gathered in the White House Library one day in 1973 to discuss interest and exchange rates, flying so far under the radar they didn't even record minutes. (As their meetings became more regular, they dubbed themselves the "Library Group"). Two years later, the G7's first formal summit took place at an elusive country house, the Château de Rambouillet, located 30 miles outside of Paris. Rambouillet's guests concluded that such summits should never be "institutionalized" if they were to maintain their intent.So much for that idea. Next week's G20 is where the action's at, and it's as institutional as can be. The fun takes place at London's ExCel conference center, where the world's leaders will sit through plenary sessions, working meals, and press conferences chatting about plans their ministers...
  • Breakfast Buffet: Monday, March 23

     Tim Geithner's Economic Elixir, Revealed: Timothy Geithner attempts to save face after a rough week with an editorial in the WSJ defending his various economic recovery programs. Details TK in an 8:45 a.m. briefing on the plan.Barack Obama, International PR Wizard: Barack Obama goes the global route, hitting up the op-ed section of 31 papers around the world as Geithner's wingman on the new proposal.The World Is Round, Once Again: CFR's Brad Setzer illustrates why the world's crumbling financial system is bringing an end to the "Chimerica" of Bretton Woods II. One stunning indicator of the scope of this monster: Lehman's collapse had a bigger impact on international money flows than did 9/11.The Wisdom of Continental Drift: James Surowiecki explains why Europeans are the new conservatives. Americans, by default, are the new wild-eyed leftists. And that may be exactly what the doctor ordered.Stiglitz & the UN Call for G20 Overhaul: A panel of...
  • Is Starbucks Election Offer Legal?

    Remember that nice, civic-minded advertisement that debuted during "Saturday Night Live" and shot to viral fame on YouTube? The one where you get free coffee for telling your chipper barista that you just voted? Well, the offer may not be exactly legal. Election laws prevent individuals and organizations from offering monetary incentives to get people to the polls, keeping partisan hacks from bribing potential voters likely to swing their way. Unfortunately for national chains like Starbucks, Krispy Kreme, Ben & Jerry's and sex-toys emporium Babeland, the definition of "monetary incentive" also includes offers of free stuff like coffee, donuts, ice cream, and, um, a certain sleeve-like contraption called "The Maverick."Would anyone actually pursue legal action against such altruistic institutions? Probably not. According to D.C.-based election law expert Kenneth Gross, the offers were neither partisan nor overly generous nor particularly conce...
  • After Gitmo Ruling, What Next for Detainees?

    As the Supreme Court delivered another blow to the Bush administration's Guantánamo Bay detentions of terror suspects, a lawyer for some of the suspects looks at where we go from here.
  • Why New Women's Group Is Protesting Democratic Meeting

    One of the founders of a new group called WomenCount explains why her group is protesting the Democratic Party's rules committee meeting and answers charges that it's interested only in promoting Hillary Clinton's candidacy.
  • The Quest to Build the Perfect Bra

    After more than a century, lingerie makers may finally be close to finding the right balance of fashion, function and fit.
  • Healing Va. Tech’s Wounds

    Community Services in Virginia hunts ways to prevent the unthinkable from happening again.
  • Quirky Ways of Fueling the Future

    Chances are you've heard of hybrids and biofuels, but what about oil-producing yeast and turbinelike buoys that transform ocean waves into electricity? Those are just a few of the alternative-energy sources that may power the future, according to Fred Krupp, president of the Environmental Defense Fund and coauthor, with Miriam Horn, of "Earth: The Sequel" (Norton). "Everyone knows the current story of melting glaciers, rising sea levels, worsening hurricanes, dying coral reefs," says Krupp. " 'The Sequel' is the story of what happens next. We are just on the threshold of a great race." Solar-power technology is our best bet for now, says Krupp, but quirkier projects are essential elements of a smart, diversified energy strategy. New technologies might turn wood and fiber—rather than food crops—into biofuels. Medical research on how the human brain expels carbon dioxide might lead to new ways of burning coal cleanly. One energy firm is working on a way to direct smokestack emissions...
  • Buckle Up Baby

    Pregnant women often wonder whether seatbelts do more harm than good, but a new study finds they are essential protection for mother and child.