Word: annualized
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There are good reasons for that. The U.S. is by far the largest economy in the world, more than three times bigger than no. 2, Japan. And with annual imports of more than $2 trillion, it is the world's shop-till-you-drop economic engine. If that engine stutters, the others grind to a halt. This is an old tale, but with a new twist to sober the Schadenfreudians: Europe's bankers and mortgage providers have been just as stupid and greedy as their American comrades-in-harm - and this in countries that pride themselves on having tamed...
...annual Labour Party conference last month in Manchester, delegates adopted a new vocabulary. In fringe meetings, speakers inveighed against "the spivs" who caused the mess, while union leaders and politicians raised cheers by bashing the rich. Brown's keynote speech talked of a new era that demands heavier regulation, an era in which the rich will "be able to look after themselves." That sort of talk sets off alarm bells. "There is a risk that a mood could emerge, an anti-City mood," says Douglas McWilliams, chief executive of London's Centre for Economics and Business Research. "You sense that...
Though pizza and candy are commonly given out at Harvard events, rare are the opportunities to find free, healthy alternatives. At yesterday’s Harvest of Health, the annual Harvard University Health Services fair, students gained access to UHS’ many services, leaving the tent loaded with bags full of healthy goodies. Linda C. Cannon, a patient advocate who has coordinated the fair for the last three years, estimated that approximately 2,000 students passed through the white tent outside the Science Center, a number comparable to previous years. “Our objective is to spread awareness...
Pfoho’s 90s Dance While the 90s dance isn’t as charitable as EWC, which donates to The Jimmy Fund, this bi-annual event attracts roaring crowds each time. Gretchen Marina Krueger ’09, a six-time attendee, is a complete advocate of this dated dance. “It’s seriously legit. Always sells out.” Who can resist the chance to dress up like a Spice Girl...
...nation's public school system. In 1993, just over 10% of primary-school age village children were enrolled in private schools. By 2006, the figure had nearly doubled. A fifth of students between the ages of 6 and 7 cannot recognize letters and read words, according to an annual survey by Pratham, a Mumbai-based NGO that tracks children's literacy across India in order to assess the efficiency of rural and government school education. Though Pratham's 2007 figures show an improvement, the figures are still grim - and don't bode well for a nation, half of whose...