Word: bitting
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...What Summers proceeded to offer was, in fact, an unusually candid insight. And though couched in jargon, it was an insider's confession of why our present economic moment is fraught with both danger and opportunity. There appears to be, Summers told the suddenly very attentive crowd, a strange bit of physics working itself out in our economy. The problem is related to a hiccup in an economic rule called Okun's law. First mooted by economist Arthur Okun in 1962, the law (it's really more of a rule of thumb) says that when the economy grows, it produces...
...loaded spring ready to uncoil upon another bit of bad news, or is the investor-anxiety balloon finally deflating...
Anyway, Yale's endowment has fallen $1 billion more than expected, and their provost has shaved off his signature mustache, so we're left to conclude that New Haven might be a bit off kilter...
While Harvard seems to be moving to halt construction in Allston, Columbia officially kicked off construction for their new 17-acre campus in Manhattanville yesterday. Of course, their endowment fell only 16 percent this past year, so they may have a bit more wiggle-room—both in terms of spending and building space...
...2666” will comprise context that itself is transcendent, but that masterpiece is still over a decade away.The novel excels in other, albeit minor places. There are moments of startling insight, however distracted it may be—“We all have to die a bit every now and then and usually it’s so gradual that we end up more alive than ever. Infinitely old and infinitely alive.” There are also moments of humor— “It was simply that he didn’t fool me with...