Word: ahead
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...industrial, financial, and retail jobs destroyed over the last three quarters cannot be recouped in the dozen quarters that lie immediately ahead, if Phelps view, which is a remarkably dark vision of America's future, is right. This desperate image of the national economic life assumes that the innovative power of American business cannot build another huge sector the way that it did in the 1970s with the rise of the great technology companies like Microsoft (MSFT), Intel (INTC), and Cisco (CSCO), and twenty years later Google (GOOG) and the second reincarnation of Apple (AAPL), which was built on nothing...
...southern Asia and Latin America. The case in their favor is simple. They have cheap labor. But, cheap labor is itself exhaustible. China has created a middle class, and so has India. The people in those middle classes will expect to be paid better and better over the years ahead. (See pictures of China going to Africa...
...ahead of ourselves. So far, all we've seen is a slowing of the breakneck economic decline that began in October. There are differing spins you can put on this truth. "People like to talk about green shoots," New York University economist Nouriel Roubini said during a recent visit to TIME. "All I see is a lot of yellow weeds." On the other hand, a slowing in the pace of decline during a recession has in the past almost invariably segued into the end of that decline, recession maven Lakshman Achuthan of the Economic Cycle Research Institute said...
...Pakistani military last week launched an offensive against the Taliban on its own soil. But it remains unclear whether the goals of the offensive are limited to containing the militants' most recent advances, rather than reversing their steady gains of the past year. The country's President, meanwhile, ahead of a trip to Washington, told foreign journalists that as far as his intelligence agencies were aware, Osama bin Laden was dead - though he readily admitted that they had no proof. The rituals recalled the days when General turned President Pervez Musharraf habitually deflected the Bush Administration's demands for tougher...
Smith insisted that the reductions in faculty hiring still left Harvard in an “aggressive” position relative to its peers and that FAS will go ahead with 19 junior faculty searches next year...