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Chantal Biya’s Eccentric Style (PHOTOS)

by admin on July 29, 2010

Cameroon’s First Lady Chantal Biya has undeniably eclectic taste. She’s never said no to bold color, lace shirts and shiny skirts. Although she is reportedly a fan of Chanel and Dior, it’s not necessarily her clothing that’s the most eye-catching–it’s her auburn ‘do, her most famous hairstyle being the banane. Take a look at some of Mrs. Biya’s fabulous ensembles and tell us which ones you love and which you’d leave behind.

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The “Ground Zero Mosque” that we have been and will be hearing so much about is not exactly a mosque, nor is it at Ground Zero. Here’s why: you can’t see Ground Zero — the former site of the World Trade Center — from the future site of the Cordoba House.

From 45 Park Place, the former Burlington Coat Factory building that will make way for the Cordoba House, it’s two blocks, around a corner, to get to the WTC site. Park Place doesn’t lie between the construction site and any mass transit stations, so you would need to go out of your way to have it offend you.

If you look up the walking directions you’ll notice that it takes a couple of minutes to walk the distance (approximately a tenth of a mile) between the two spots. Pretty much two minutes exactly when I took the trip with a shaky video camera. Here’s the clip, first sped up to 4X speed then slowed down to 1X:

When the new World Trade Center rises, you’ll be able to see it from 45 Park Place, because it’ll be by far the tallest thing around. The planned Cordoba House will be dwarfed. It certainly won’t overlook or overshadow Ground Zero.

Why is the distance between the two sites so important? Simple accuracy, for one. It’s frustrating to see so many commentators blithely disregard an obvious, physical problem with the “mosque at Ground Zero” formulation: it’s not at Ground Zero.

Clyde Haberman of the New York Times further explains the significance:

There’s that “at.” For a two-letter word, it packs quite a wallop. It has been tossed around in a manner both cavalier and disingenuous, with an intention by some to inflame passions. Nobody, regardless of political leanings, would tolerate a mosque at ground zero. “Near” is not the same, as anyone who paid attention back in the fourth grade should know.

I understand the journalist’s impulse to use the “Ground Zero Mosque” shorthand to instantly remind readers why they should care about the story. Headlines leave out qualifiers like “near” all the time for brevity’s sake. But in this case the elision is critical; leaving out the “near” clearly takes sides — against the “mosque” and against accuracy.

In addition, the building planned for 45 Park Place is a cultural center with a prayer room — not a single-purpose house of worship for Muslims, which is probably what we should reserve the word “mosque” for. As Haberman also explains, “That it may even be called a mosque is debatable. It is designed as a multi-use complex with a space set aside for prayer — no minarets, no muezzin calls to prayer blaring onto Park Place.”

The 92nd Street Y, on which the Cordoba House is explicitly modeled, has a whole host of Jewish events take place inside of it, but no one calls it a synagogue. There’s no good reason why Cordoba House should be misleadingly called a “mosque.” I’ve been guilty of using this word too, in conversation and in writing, but it’s inaccurate. Muslims already read the Quran and pray at 45 Park Place, but that does not and will not turn it into a “mosque.”

There’s one more catch for the opponents of the so-called Ground Zero mosque: by the same logical leap you can call the Cordoba Center a “mosque,” you can also call Ground Zero as it already exists a giant, open-air mosque. Muslim prayers are already taking place right on the edge of the construction site, and not for world domination. Families are going there to pray — for the souls of the dozens of innocent Muslim victims who died on September 11.



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Actress Melissa George stopped by the 2nd Annual Australians in New York Fashion Foundation Party on Tuesday wearing a garment that’s difficult to sum up in five words or less. It was a billowing halter top connected to her right ankle and also somewhat tucked in at the waist over a pair of black pants, with stiletto boots. We’re typically not sure how we feel about ensembles that we can’t even describe. Take a look and scroll down to tell us what you think.

What do you think?

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Supermodel Heidi Klum attended the “Project Runway” season 8 premiere in NYC on Wednesday night wearing one of her more interesting ensembles: a white jumpsuit (with pockets) with a cropped black blazer and red pumps. Her hair was brushed back into a pompadour. The ‘do and her stance make Heidi seem pretty macho, don’t you think? We can almost hear her saying, “How you doin’?”

Check out her full look and scroll down to vote.

What do you think?

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Why Higher Capital Standards Are Needed

by admin on July 29, 2010

At one level, the pursuit of higher and more robust capital requirements for banks is not going well. The United States Treasury insisted, throughout the yearlong financial reform debate, that capital should be the focus — increasing the loss-absorbing buffers that banks must carry — and that it (and other regulators) needed to negotiate this is through the Basel Committee process.

But Basel has come under great pressure from the banking lobby, which argues that any increase in capital requirements would limit lending and slow global growth, an issue discussed by Douglas Elliott in this useful paper. The Institute of International Finance, a lobbying group for big banks, issued an influential argument along these lines, and the European stress-test results strongly suggest that European politicians do not want to press more capital into their financial system — just enough would be fine with them.

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