It has been a long time since Republicans showed a fighting temper of this kind, unyielding in its contempt for what the choice of a Hagel represents about core values like the national defense, our stance regarding the most dangerous of our enemies inthe world.
Any hopes that Asian economies had "decoupled" from those inthe West and could act as havens for investors were dashed, despite the efforts of policy makers to keep their fiscal houses in shape and temper inflation.