Word: bitting
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...going up, but it's really a matter of watching what consumers are doing as opposed to what they're saying. If you take a look at the retail sales data over the past couple of months, it has moved back down. It looks like consumer spending, after a bit of an increase in the first quarter - mostly just bargain-hunting in January - is also relapsing in the second quarter. I'm not really seeing evidence in the actual economic data, as opposed to consumer surveys, that consumer purse strings are opening up. (Watch TIME's video of Peter Schiff...
...we’re so often reminded, it’s America’s oldest college, home to Nobel-prize winning faculty and students who are the country’s best and brightest. In thinking about my past four years here, then, it strikes me as a bit odd that they seem altogether less academic than my high school years. Don’t get me wrong—I’ve taken Ec10 and read Milton—but the lessons that I learned from Mankiw and Teskey are inextricably intertwined with more personal ones...
...physics student would seek out research in astronomy. “We are up here in the observatory—it’s rare to have a physics kid tramping through looking for projects, at least back then,” he said.Though Moran said it was a bit unusual to give a project to an undergraduate, he was willing to take Greene on.Twenty-five years later, Moran still recalls Greene’s extraordinary proficiency in computer programming.“Nowadays people can use established programs,” Moran said. “He did everything...
Fast-forward to the present. Now, in 2009, we’re operating within an intellectual structure that took shape more than a century ago. It’s a worthy and venerable old edifice, but definitely getting a bit creaky. The oddity of departmental existence struck me forcefully this year as I watched my three freshmen advisees grapple with the tough question of concentration choice. Some students, upon comparing their academic inclinations with the concentration offerings, are able to slide easily into a field. But others cannot, because the fit doesn’t seem right...
...from an obsession about whether the U.S. was going to reflate its way out of trouble (and debase its currency in the process), the issue didn't even come up in his meetings on Monday. "I actually haven't been [asked about it]," Geithner said, perhaps chafing a bit at the presumption that the U.S. needs to reassure the Chinese of its creditworthiness. "The economic leadership here," he continued, "has a very sophisticated understanding about where we are and what we are doing. We are going to have to bring down our fiscal deficit and walk back these extraordinary interventions...