（Make No Law: The Sullivan Case and the First Amendment），
By DAVID SEGAL
IF there is ever a class in how to remain calm while trapped beneath $250,000 in loans, Michael Wallerstein ought to teach it.
Here he is, sitting one afternoon at a restaurant on the Upper East Side of Manhattan, a tall, sandy-haired, 27-year-old radiating a kind of surfer-dude serenity. His secret, if that’s the right word, is to pretty much ignore all the calls and letters that he receives every day from the dozen or so creditors now hounding him for cash.
“And I don’t open the e-mail alerts with my credit score,” he adds. “I can’t look at my credit score any more.”
Mr. Wallerstein, who can’t afford to pay down interest and thus watches the outstanding loan balance grow, is in roughly the same financial hell as people who bought more home than they could afford during the real estate boom. But creditors can’t foreclose on him because he didn’t spend the money on a house.
He spent it on a law degree. And from every angle, this now looks like a catastrophic investment.
Read the full article.
Choking on Growth: China’s Environmental Crisis
Part VI. China’s Turtles, Emblems of a Crisis
Part VIII. In China, Farming Fish in Toxic Waters
By JOSEPH KAHN and JIM YARDLEY
The New York Times, Published: August 26, 2007
China’s industrial growth depends on coal, plentiful but polluting, from mines like this one in Shenmu, Shaanxi Province, behind a village store.
China’s cement factories, like this one in Ningxia Province, use 45 percent more power than the world average, and its steel makers use about 20 percent more.
China’s industrial growth depends on coal, plentiful but polluting, from coal mines like this one in Shaanxi Province behind a village store.
Audio Slide Show: The World’s Smokestack