Newsweek

Stories by Newsweek

  • Where The Next Debt Crisis Will Occur

    By Jerry Guo Who's after Dubai? The profligate city-state's $59 billion debt deferral late last month sent investors fleeing from nearby markets like Abu Dhabi and Kuwait. But as the dust settles, it's becoming clear the targets are not deep-pocketed Middle East neighbors. Rather, the places in real danger of facing the next credit crunch are the highly indebted economies of Europe's periphery. A quiet crisis is brewing in Eastern Europe, where Bulgaria, Hungary, and the Baltic states face staggering foreign debts in excess of their GDP. While sovereign default is unlikely--having occurred only in Ecuador and Argentina in the past decade--it's increasingly doubtful that these governments and their state-backed corporations could keep up their debt payments. ...
  • Newsverse: Other Than That, Mrs. Obama, How Did You Enjoy the Dinner?

    By Jerry Adler I have the honor to presentTo you, Mr. President—This fellow standing over here…Oops, he went to get a beer.Well anyway, when he comes backI think his name is Joe, or Jack.I have it in my other ‘Berry. But this next guy is very, veryFamous, though I can’t quite place him.I’ll have the Secret Service trace him.And here is Madame—wait a sec,I’ll have to do a background check.She came with one of those two guys—The bald one has a Nobel Prize.The other, with the cummerbund,Runs some bank or mutual fund.The tall guy with the long gray beardLooks familiar—gee, that’s weird.He spit into that woman’s bourbon.He’s dressed in sandals and a turban.You have to wonder how a nutLike that could make the White House cut.
  • Pastor Rick Warren Responds to Proposed Antigay Ugandan Legislation

    By Lisa MillerRick Warren, pastor of Saddleback Church and author of the bestselling book The Purpose Driven Life, drew fire last year when he was invited to give the invocation at President Obama's inauguration. His support for Proposition 8 in California, which defined marriage as between a man and a woman only, and his anti-gay-marriage views concerned many in Obama's base.Now Warren's on the defensive again, this time for his affiliation with Martin Ssempa, a Ugandan pastor who has endorsed proposed legislation in Uganda that makes certain homosexual acts punishable by life in prison or even, in some cases, death. Ssempa has made appearances at Saddleback and has been embraced warmly by Warren and his wife, Kay. In October, Warren distanced himself from Ssempa and the Ugandan legislation, saying, "Martin Ssempa does not represent me; my wife, Kay; Saddleback Church; nor the Global PEACE Plan strategy," a reference to Warren's work in the developing...
  • By the Numbers: Carbon Monsters

    Developing countries now produce more greenhouse-gas emissions than developed nations do, says a new study published in the run-up to the Copenhagen Climate Summit. Fossil-fuel emissions from developing countries--many of which are resisting caps on their CO2 output--have more than doubled since 1990 while output in rich nations is finally starting to fall: 54 Percentage of global emissions now produced by developing countries.137 Percentage increase in China's and India's emissions since 1990.138 Percentage rise in China's per capita emissions since 1991, to 5.8metric tons per person.1 Percentage fall in America's per capita emissions since 1991, to 19.9metric tons per person. Source: Nature Geoscience
  • High Stakes For Online Gamblers

    By Jeremy HerbBetween online gambling and the countless ESPN reruns of the World Series of Poker, poker has become a mainstream "sport." More than 6,000 people paid $10,000 to enter this year's World Series main event, and gambling experts say 10 to 15 million Americans wager $100 billion on all forms of Internet gaming annually. The online gambling industry—made up of offshore companies—earns somewhere between $6 and $10 billion in the U.S. each year. But it's a poker game of politics, not cards, that will decide the fate of online gambling in the U.S.The battle rests on a bill that was passed in the final hours of the 2006...
  • Footballing Obama Experiences the Wonders of Slow Motion

    If President Obama was looking for another way to differentiate himself from President Bush, he just found it. When it comes to sports, you might recall Bush as an avid mountain biker. He also showed off some lightening-quick reflexes that one time that would give him an edge in dodgeball, and certainly fencing. Obama’s forté so far has been shooting hoops. Now add to the list, football. Check out this PSA that will run during several football games on Thanksgiving Day that encourages kids to get more exercise. Between spliced footage of kids running and doing jumping jacks, Obama makes a cameo on the White House lawn, tossing around the old pigskin. An ordinary game of catch, right? Not quite. The whole spot comes off as rather moving, almost epic, but not because of Obama or his receiving skills. Producers slowed down the footage so much that a short-range pass from New Orleans’s Saints quarterback Drew Brees to Obama ends up looking like a Sports Center highlight. Then, add in s...
  • There Is No Such Thing As Female Viagra: Flibanserin Can't Change Why Some Women Don't Want Sex

    by Barbara KantrowitzBack in the pre-Viagra age, men were actually impotent. Now, guys with a mechanical problem suffer from erectile dysfunction (E.D. in the ubiquitous TV ads), clearly one of Big Pharma’s most successful rebranding efforts. But women have been denied a similar makeover for their sexual problems because no one has yet figured out why some want it all the time and others hardly ever. If you’re too tired, you’re just plain frigid.That could change with the announcement this week that a pill that appears to increase sexual desire in women with low libidos. This potential blockbuster, developed by the German drug manufacturer Boehringer Ingelheim, is called flibanserin and it was almost a nonstarter when it was first tested as an antidepressant. Flibanserin didn’t lift mood, but researchers noticed that it had one intriguing quality: it appeared to heighten sexual interest in laboratory animals and humans.Could it be Big Pharma’s Holy Grail: a female Viagra? No doubt...
  • Research Determines Exactly What All Women Want, All The Time, In Every Scenario...Except Not.

    by Leigh Bond Who says that women only like jerks? A new study published in the journal Science from Binghamton University and the University of Arizona adds yet another clue to the mystery that is female sexual selection.  "Nice guys don't always finish last," says the press release.Of course, the nice guys in question happened to be insects. Researchers in this study observed the effects of a controlled group of male water striders – both aggressive and low-key, and their sexual relations with the females in the group. According to the study led by Omar Tonsi Eldakar of the University of Arizona’s Arizona Research Laboratories, groups of “gentlemen” water striders mated with  more females than did groups of the “psychopath” suitors. The research contradicts previous laboratory studies finding sexually aggressive males more successful at reproducing, said Eldakar. In previous studies, the females were blocked from leaving the areas populated by the sexually...
  • How Long Will the Bull Rally Last?

    With so much cheap money sloshing around, the stock market's been on a roll lately. Given that the economy is still sputtering, how long will the rally last? ...
  • Afghans Optimistic Despite U.S. Public Opinion

    By Jerry Guo Since Barack Obama took office, U.S. public opinion has grown increasingly bleak on Afghanistan's prospects. Yet Afghans are increasingly optimistic. In an Asia Foundation survey taken in June and July, 42 percent said the country is moving in the right direction, up from 38 percent last year, despite rampant corruption and Taliban advances. The margin for error was about 4 percent, so this doesn't represent a big spike, but it's still striking that Afghanistan's morale is not decaying as fast as the world's view of Afghanistan is.  ...