Except, if he is right and we really are facing a catastrophe comparable to the Great Depression, it is reasonable to ask whether cutting VAT from 20% to 17.5% is really a match for the occasion.

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"We are going to be facing a very tough game, but this is a great opportunity for us to play against a tier-one rugby nation, " Tafua said.

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The 4.3-inch 720p HD (1280 x 720) display comes to life in the phone's slim, sculpted design and improvements to the rear-facing camera let you capture great photos and record video in 1080p HD.

ENGADGET: Windows Phone 8X coming to AT&T, Verizon and T-Mobile in November

And to fail to act on some of the great challenges facing the country that we had been putting off for decades would mean a lesser future for our children and our grandchildren.

WHITEHOUSE: Government, Innovation and the Economy

"When a women is facing an unwanted pregnancy she will already be under great stress, to create further obstacles for her is completely unethical in my view, " she said.

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The banks, facing serious financial problems of their own, had no great desire to pour more money into a liquor group whose total debts, estimated at 4 trillion won, amount to 29 times its equity.

ECONOMIST: South Korean banks

Part of this is born of necessity: American states are facing their worst budget deficits in decades, so there isn't much money to lavish on great projects.

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Levin says Wall Street is also wary of fiber-optic networks because they may wind up facing competition from emerging wireless technologies such as WIMAX, a wireless technology that promises to deliver broadband over great distances.

NPR: Broadening the Reach of Broadband