Word: annualized
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...sources of economic weakness in the fourth quarter were across the board. Consumer spending dropped at a 4.3% pace, its worst performance since 1980. Nonresidential private fixed investment - a.k.a. capital spending - fell at a 21.1% rate, the worst since 1975. Exports fell at a 23.6% annual pace, the worst since 1971. And residential investment was down at a 22.2% pace, but that's the worst only since the first quarter...
...major indicator headed upward was government spending, but only at a 1.6% annual pace. That should rise significantly starting in the second quarter of this year as spending from the recently enacted stimulus package begins to be felt. The effectiveness - or lack thereof - of the stimulus measures will probably determine where this recession goes down in the history books...
...Meanwhile the increase in annual crop yields has begun to slow in much of the world - this, before global warming has really taken hold - even as population continues to grow, especially in the countries that have least been able to feed themselves. Given that it takes years or decades to breed new crop varieties, Fowler says we need to begin preparing now for the agricultural challenges of the future, using Svalbard's contents to build and breed new crops. "We've ignored the infrastructure of agriculture for too long," he says. "It's in our self-interest to fix this...
...Harvard Foundation for Intercultural and Race Relations, many students may find it difficult to appreciate this diversity given the sheer number of performances and events that groups sponsor. On February 28, the Harvard Foundation seeks to address this lack of cultural diffusion on campus with its 24th annual presentation of Cultural Rhythms, a production that brings together many of these groups in a display of their artistic and ethnic vibrancy...
Academy Awards • annual horrible presentation of prompts critic Tom Shales to observe, "The Oscar ceremony has been televised since the early '50s, but they still haven't gotten the bugs...