Drone strikes rely on fallible intelligence from local informants, which leads to errors. The price is innocent people’s lives. It also sets a dangerous international precedent – that the secret extrajudicial execution by one country, to kill people in another country, with minimal oversight and no judicial process, is acceptable. This is the policy being carried out by drones.

At a very basic level, it is difficult to gauge whether the policy actually works. Supporters claim the policy has successfully disrupted terrorist networks. Yet suicide attacks in Pakistan and violence in Afghanistan and Iraq have often intensified following the drone deaths of senior al-Qaeda and Taliban operatives.

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In 1978, the farmers in a small Chinese village called Xiaogang gathered in a mud hut to sign a secret contract. They thought it might get them executed. Instead, it wound up transforming China’s economy in ways that are still reverberating today.

The contract was so risky ”” and such a big deal ”” because it was created at the height of communism in China. Everyone worked on the village’s collective farm; there was no personal property.

“Back then, even one straw belonged to the group,” says Yen Jingchang, who was a farmer in Xiaogang in 1978. “No one owned anything.”

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Britain has sunk deeper into debt. Three years after bubble burst, the UK has barely begun to tackle the crushing burden left by Gordon Brown. The contrast with the United States is frankly shocking.

The latest report on “Debt and Deleveraging” by the McKinsey Global Institute shows that total public and private debt in the UK is still hovering at an all-time high. It has risen from 487pc to 507pc of GDP since the crisis began….

It is a very different picture in the US where light is emerging at the end of the tunnel. American banks, firms, and households have been chipping away at their debts, more than offsetting Washington’s double-digit deficits.

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No wonder the Medicaid system has so many critics in South Carolina. During the year that ended September 2010, about $490 million in public money was paid in error by the state.

The program intended to help the neediest was apparently helping others, too. Meanwhile, some of the people who needed help were not given it.

According to a recently released federal audit, an estimated 10.7 percent of South Carolinians approved for Medicaid should have been ruled ineligible. Then there were overpayments to hospitals and behavioral health providers due to coding errors.

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In an election-year decision certain to disappoint religious conservatives, the Obama administration announced Friday that church-affiliated institutions will get only one additional year to meet a new rule to cover birth control free of charge.

Friday’s announcement by Health and Human Services Secretary Kathleen Sebelius doesn’t apply to houses of worship. Churches, synagogues, mosques and other places of worship were already exempt from the birth-control-coverage rule.

But in many cases, other religious-affiliated employers such as hospitals and universities traditionally haven’t provided any birth-control coverage for their employees.

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When people heard that Mitt Romney’s federal income tax rate was about 15 percent, the immediate reaction of many was to assume that their own rate was higher. The top marginal rate is 35 percent, after all, and the marginal rate on a couple with $70,000 in taxable income is 25 percent.

The truth is that most households probably pay a lower rate than Mr. Romney. It is impossible to know for sure, given that he has yet to release his tax return. What is clear, though, is that a large majority of American households ”” about two out of three ”” pays less than 15 percent of income to the federal government, through either income taxes or payroll taxes.

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Graham said the opposition to PIPA and SOPA “have raised some really legitimate questions.”

“I consider intellectual property real property, but I do believe the content part of the debate has been very resistant to technological changes,” he said of the film and recording businesses. “And if this bill can be made better, let’s do it.”

Graham supports wide and inexpensive distribution of mass media, “but there’s got to be a revenue stream or you’re going to destroy the creative content providers.”

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Commander [Layne] McDowell banked and aligned his jet’s nose with the canyon’s northeastern end. Then he followed his wingmen’s lead. He dived, pulled level at 5,000 feet and accelerated down the canyon’s axis at 620 miles per hour, broadcasting his proximity with an extended engine roar.

In the lexicon of close air support, his maneuver was a “show of presence” ”” a mid-altitude, nonlethal display intended to reassure ground troops and signal to the Taliban that the soldiers were not alone. It reflected a sharp shift in the application of American air power, de-emphasizing overpowering violence in favor of sorties that often end without munitions being dropped.

The use of air power has changed markedly during the long Afghan conflict, reflecting the political costs and sensitivities of civilian casualties caused by errant or indiscriminate strikes and the increasing use of aerial drones, which can watch over potential targets for extended periods with no risk to pilots or more expensive aircraft.

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Some commentators have been quick to hail the ruling. It’s “the greatest Supreme Court religious liberty decision in decades,” opined the Becket Fund for Religious Liberty, which acted as co-counsel to Hosanna-Tabor.

On the other side, David Gibson, a columnist for Commonweal, observed in a post on the magazine’s blog that while the ruling “is clearly the right one,” celebration seems premature. Under the headline “High court: Religions are free to be jerks,” Gibson cautioned about how churches might exercise their protected right.

“How can churches be held to account?” he wrote. “This is a real difficulty, given that religious institutions behave just as badly as secular groups, and often worse. And that truly does hurt the witness of religious communities.”

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We almost hope this was a political call because, on the substance, there should be no question. Without the pipeline, Canada would still export its bitumen ”” with long-term trends in the global market, it’s far too valuable to keep in the ground ”” but it would go to China. And, as a State Department report found, U.S. refineries would still import low-quality crude ”” just from the Middle East. Stopping the pipeline, then, wouldn’t do anything to reduce global warming, but it would almost certainly require more oil to be transported across oceans in tankers.

Environmentalists and Nebraska politicians say that the route TransCanada proposed might threaten the state’s ecologically sensitive Sand Hills region. But TransCanada has been willing to tweak the route, in consultation with Nebraska officials, even though a government analysis last year concluded that the original one would have “limited adverse environmental impacts.” Surely the Obama administration didn’t have to declare the whole project contrary to the national interest ”” that’s the standard State was supposed to apply ”” and force the company to start all over again.

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Roswell, Georgia–The waiting list for subsidized housing here, just 40 families long a year ago, is up to 500. The number of children eligible for free or reduced lunch is up 50%. A little more than a year ago, the Methodist church began seminars for marriages strained by job losses.

Roswell is a pre-Civil War cotton mill town that grew into a wealthy bedroom community of Atlanta as the metro area prospered. More than half the city’s 88,000 residents have four-year college degrees. But Roswell sits in a region with an unusually severe case of long-term unemployment: About 40% of the unemployed in the Atlanta metro area in 2010, the most recent local data available, were out of work for a year or more versus the national average of 29%.

One of them is Marcy Bronner, 57 years old. When she lost her job at Pennzoil back in 2000, it took her seven months to find a new one at Quintiles, a bio- and pharmaceutical-services company….

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From Philadelphia to Newark, N.J., New York to Boston, Cleveland to Chicago to Detroit and beyond, the church of the immigrants is going the same route as the old industrial America of our forebears. The huge plants — churches, schools and parish halls — markers of another era, like the hulking steel mills and manufacturing plants of old, can no longer be sustained. There aren’t enough Catholics left in those places, not enough priests and nuns and certainly not enough money to maintain the church as it once was.

According to the Center for Applied Research in the Apostolate at Georgetown University in Washington, the church in the United States has lost 1,359 parishes during the past 10 years, or 7.1 percent of the national total, and most of those have been in the Northeast and the Upper Midwest.

“I’m developing a theory that one of our major challenges today is that American Catholic leadership is being strangled by trying to maintain the behemoth of the institutional Catholicism that we inherited from the 1940s and ’50s,” New York Archbishop Timothy Dolan told NCR’s John Allen in the recently released book-length interview A People of Hope.

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The homily at Friday’s service could not have been more appropriate. Mark Greene, now executive director of the London Institute of Contemporary Christianity (LICC) that John Stott founded, summed up Stott’s unwavering commitment to Biblical teaching on the calling, convictions and lifestyle of all those who would claim Christ as their saviour.

“He yearned not only for the conversion of medics, lawyers and factory workers, he yearned for the transformation of medicine, law and manufacturing,” said Greene. Stott’s emphasis was on whole-life disciple-making, on the supreme transformative power of the gospel in the individual and through the Christian individual into the workplace. He longed for lay Christians to be biblically envisioned and equipped for that mission in their daily lives.

“What would Stott’s emphasis on whole-life disciple-making say to us today in areas such as the moral and directional crisis in our economy ? “ Greene asked the assembled congregation, an audible silence falling across the great church, as he referred to both to the bankers of the city and the Occupy protesters in their tents still spread across the churchyard outside.

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What’s dragging down U.S. economic vigor?

According to Harvard Business School graduates, political gridlock, faltering schools, and a convoluted tax code are making American companies less competitive in the global marketplace.

A new survey of the business school’s alumni found that nearly three-quarters of respondents expect the U.S. to be less competitive over the next three years. They said the U.S. is losing ground to emerging economies, where low wages, increasingly skilled workers, growing markets and proximity to customers frequently trump traditional American strengths such as sophisticated infrastructure, a reliable legal system and effective macroeconomic policy.

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The founder of Wikipedia is leading calls for search engines and social media sites including Google, Facebook and Twitter to take themselves offline for an entire day in protest against a controversial bill winding its way through the US Senate that could have profound implications for the internet.

Jimmy Wales has called for a “public uprising” against the Stop Online Piracy Act (Sopa), which critics say will have a “chilling effect on innovation” by forcing websites to keep a much closer tab on what is posted by users on their pages….

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A shale-driven glut of natural gas has cut electricity prices for the U.S. power industry by 50 percent and reduced investment in costlier sources of energy.

With abundant new supplies of gas making it the cheapest option for new power generation, the largest U.S. wind-energy producer, NextEra Energy Inc. (NEE), has shelved plans for new U.S. wind projects next year and Exelon Corp. (EXC) called off plans to expand two nuclear plants. Michigan utility CMS Energy Corp. (CMS) canceled a $2 billion coal plant after deciding it wasn’t financially viable in a time of “low natural-gas prices linked to expanded shale-gas supplies,” according to a company statement.

Mirroring the gas market, wholesale electricity prices have dropped more than 50 percent on average since 2008, and about 10 percent during the fourth quarter of 2011, according to a Jan. 11 research report by Aneesh Prabhu, a New York-based credit analyst with Standard & Poor’s Financial Services LLC.

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Against these downward [price] pressures stand three powerful counter-forces: a reviving economy that eases people’s anxieties about elective spending; an aging society that raises the need for health care; and the start of Obamacare’s insurance mandates in 2014 that expand coverage by 30 million people or more. Those with insurance routinely use more health care than do the uncovered.

Health care poses a dilemma. On the one hand, we all want ”” for our families and ourselves ”” the best care available without artificial limits imposed by government regulations or private insurers. On the other, we don’t want soaring health spending to crowd out other government programs or depress take-home pay. The latest spending figures delude if they suggest we’ve overcome that dilemma. The Neanderthal Cure is an ugly stop-gap, nothing more…

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On Jan. 11, nearly three weeks after the Great Christmas Eve Stratfor Hack, the Texas-based strategic analysis website came back online with limited service. And none too soon ”“ some of us were starting to show signs of withdrawal.

If you haven’t been following, Strategic Forecasting Inc., better known as Stratfor, probably the most reputable privately owned open-source intelligence firm in the world, suffered a massive hacker attack on Dec. 24. The hackers proceeded to publish the credit-card information and passwords of many of Stratfor’s subscribers (4,000 alone beginning with the letter “A”) and proceeded to use said information to make unauthorized donations to every major charity in sight….

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“The court hasn’t spoken this clearly on a church-state matter in almost 20 years,” said Rob Garnett, a law professor at the University of Notre Dame who wrote an amicus brief on the case in support of the Hosanna-Tabor Evangelical Lutheran Church and School.

“This is bedrock,” Garnett continued. “All the justices came together to say if religious freedom means anything, it means governments can’t interfere with religious institutions’ decisions on who is going to be their minister or teacher.”

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Rating agency Standard & Poor’s cut its credit rating of the European Financial Stability Facility, the euro zone’s rescue fund, by one notch to AA+ on Monday, three days after it cut the ratings of France and Austria by the same margin….

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Hating Wall Street is an American tradition that dates back even to the days when Thomas Jefferson cursed that money lover Alexander Hamilton. And for centuries, the complaints about it have largely stayed the same: It does nothing! It creates chaos! It’s a parasite that sucks hardworking Americans dry! (Or something to that effect.) But these are distortions of a fundamentally beneficial business. The country’s largest investment banks, commercial banks and a few big insurance companies (what we generally refer to as Wall Street) play the crucial role of intermediation ”” matching borrowers with lenders. Most of the time, the industry does this extremely well (though in the case of matching homeowners’ debt to the global financial system, too enthusiastically). Perhaps the best way to really appreciate what Wall Street does is to imagine life without it….

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Ms. [Cheryl] Perich spent most of her time teaching nonreligious subjects with about a sixth of her time on religion classes, so the United States Court of Appeals for the Sixth Circuit concluded that she was not a ministerial worker and that she could sue. In overturning that decision, the Supreme Court ruled that the question could not be “resolved by a stopwatch” and that Ms. Perich’s limited teaching about religion helped qualify her as a minister.

The court’s conception of the ministerial role is more encompassing than it has been defined by state and federal appellate courts. Its sweeping deference to churches does not serve them or society wisely.

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Both firms realised that digital photography itself would not be very profitable. “Wise businesspeople concluded that it was best not to hurry to switch from making 70 cents on the dollar on film to maybe five cents at most in digital,” says Mr Matteson. But both firms had to adapt; Kodak was slower.

Its culture did not help. Despite its strengths””hefty investment in research, a rigorous approach to manufacturing and good relations with its local community””Kodak had become a complacent monopolist. Fujifilm exposed this weakness by bagging the sponsorship of the 1984 Olympics in Los Angeles while Kodak dithered. The publicity helped Fujifilm’s far cheaper film invade Kodak’s home market….

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Among the more or less predictable reactions from legal adversaries to the Supreme Court’s finding that ministers may not bring employment discrimination suits against their churches, there is a pious sentiment to be found here and there ”” an appeal to an even higher law.

Even those who agreed with the unanimous court ”” and who have argued all along that the First Amendment provides an exception that lets churches, synagogues and other religious institutions hire and fire ministers and other religious leaders without government interference ”” can be heard cautioning the churches not to abuse that right.

Writing on the Web site of the Baptist Joint Committee for Religious Liberty, which had filed a brief urging the court to affirm the ministerial exception, Don Byrd, a blogger who teaches at a Christian university, said, “This particular case though can be a difficult one to think about for those of us who stand firmly against employment discrimination.”

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Standard & Poor’s downgraded the credit ratings of France, Italy and seven other European countries on Friday, a move that may have more symbolic than fundamental financial impact but served as a reminder that Europe’s economic woes were far from over.

Another memory jog came Friday from Greece, the original source of Europe’s debt troubles. Talks hit a snag between the new Greek government and the banks and other private investors that Athens hopes will agree to take losses on their debt so that Greece can avoid a default.

Together, those developments underscore that even as Europe’s debt turmoil enters its third year, no clear solutions are yet in sight ”” despite recent signs that a new lending program by the European Central Bank might be easing financial market pressures.

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In his second meeting as chairman of the Federal Reserve in May 2006, Ben Bernanke heard a Fed governor warn about the nation’s mortgage market. But Mr. Bernanke described the cooling of the housing boom as a “healthy thing.”

“So far we are seeing, at worst, an orderly decline in the housing market,” he said.

Mr. Bernanke’s words were contained in 1,197 pages of transcripts released Thursday of closed-door Fed meetings from that year. The transcripts paint the most detailed picture yet of how top officials at the central bank didn’t anticipate the storm about to hit the U.S. economy and the global financial system.

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R.J. Williams, host and founder of Young Hollywood…is betting most of his personal savings and free time that two things will make him a next-generation media titan: hard work and YouTube.

That bet goes both ways. Beginning this month, YouTube is gambling $100 million that by seeding professional production firms such as Young Hollywood — whose slate of YouTube-only programming premieres Monday — it will draw more eyeballs for longer viewing sessions.

Williams calls the online video giant’s move a “game-changer” and argues that the growing number of stars who sit on his white sofa — Cruz came to see Williams straight from Jay Leno’s Tonight Show couch — spotlights the emerging clout of Web-only shows.

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Enraged Chinese shoppers pelted Apple Inc’s flagship Beijing store with eggs and shoving matches broke out with police on Friday when customers were told the store would not begin sales of the iPhone 4S as scheduled.

Apple said later after the fracas at its store in Beijing’s trendy Sanlitun district that it would halt all retail sales of the latest iPhone in China for the time being, but said the phones would be available online, through its partner China Unicom or at official Apple resellers.

Sales at Apple’s other store in Beijing and three in Shanghai went more smoothly, with stocks quickly selling out.

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(“US election race baffles the punters” is the title SMH gives it)….

Assuming no imminent foreign policy crisis, the election will depend on two things: whether undecided voters blame the congressional Republicans more than the President for the state of the economy, and how many potential supporters the candidates can motivate to vote….

Voting for a president is also voting for a certain image of America, which explains the jubilation felt by so many when a young African-American with a radical past broke through conventional assumptions. Rekindling that excitement is difficult for Obama, but no one has claimed Romney is a charismatic candidate.

He will, however, be seen as safe, prepared for the job, and able to re-energise American business. Expect a Republican campaign that promises a more aggressive and dominant United States, and remember that American campaigns do not revolve around policy details in the way to which …[Australians] are accustomed.

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