Word: bosworth
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...countries. Investors put their money in countries that pay the most interest, and right now German banks are paying about 6.5% more than U.S. ones. Result: the international savvy money has been flowing out of dollars and into marks. "What is happening now is absolutely logical," says economist Barry Bosworth of the Brookings Institution in Washington. "The only puzzle in my mind is why it took so long for it to happen...
...Sheila Bosworth...
...Southern writers have longer memories than other people, or does it only seem that way? In her second novel, Sheila Bosworth, a New Orleans native, evokes her home state and its people with elegiac grace and gusts of humor. The combination goes down as smoothly as bourbon mixed with bitters and sugar, a drink that has "the transcendent blend of passion and troubles and sweet pity...
...along a narrow causeway across Lake Pontchartrain. The daughters never hear their father mention her again, but the moment of her passing envelopes each of them. The author understands a fundamental truth about Southerners: to them, she writes, "sweet and sad mean the same thing." Like an expert mixologist, Bosworth measures out life's sorrow in equal proportion to its sweetness...
...Americans significantly increased their real income during the Reagan era, and the poor slipped further behind. After adjustment for inflation, the national standard of living has actually fallen since 1973; the real average hourly pay for U.S. workers has gone from $8.55 then to $7.54 today. Says Barry Bosworth, an economist at the Brookings Institution: "Americans are not becoming pessimistic. They are becoming realistic. It is right to think of cutting back...