The fat book opens like the tale of another age, with a nighttime image of auto lights streaking red and white past the World Trade Center. Released last May, the Bush energy policy warns that dwindling supplies of oil and gas, an antiquated power grid and burdensome regulation threaten to drag the United States into the "worst energy-supply crisis since the 1970s." In his introductory speech, Bush spelled out a scary 20-year scenario in which America becomes increasingly "vulnerable to price...
For the sake of France and the "evolution" of its haute cuisine, chef Alain Passard has decided to dump his grandmother's duck recipe. Discarded, too, are the sweetbreads, the rump steak with oil and pepper, the lamb with savor of harissa--12 signature meat and poultry dishes that earned three stars for Passard's restaurant, L'Arpege, putting it at the pinnacle of the Parisian food chain.
At times like these it is odd to speak of one "Western world," so wide are our differences. Mounting layoffs in the United States have aroused barely a whimper at home, yet inflamed the passions of protesters in France last week, where unions were staging their largest demonstrations in years.
How quickly things change!" exclaims Hal Varian, an economist in Silicon Valley, the nerve center of America's chip-driven New Economy. These days, every dot-bust, every deflated e-billionaire, every sign of imminent recession is knowingly reported as evidence that the New Economy is dead.
You'd never know it from what they're saying in Washington, but Deutsche Telekom CEO Ron Sommer started his career in America. Born in Israel to German and Austrian parents, he was a math prodigy who took his PhD in probability in Vienna at 21, then set off to New York to make his fortune.
Mike Carlson wasn't aching for a big score. At 40, he's a high-school biology teacher in Crockett, Calif., and barely pays attention to his own mutual-fund reports, much less the gold rush across the bay in Silicon Valley. "Given my station in life, that wasn't gonna happen for me," says Carlson.