Word: businessese
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China has resisted foreign pressure for faster appreciation of the yuan out of concern that such action will slow the economy and reduce employment. But policymakers also know their stance is fueling trade frictions and that exchange-rate appreciation is not always bad for job creation. A stronger currency could...
What we're talking about is an economy-wide mood swing. Businesses in lots of industries shed jobs. Consumers tighten their belts. Banks curtail lending. And then, usually within 12 months, things bottom out and start heading upward again. It's a temporary, cyclical phenomenon--not to be confused with...
The very shallowness of the last recession is part of what's causing worry now. In 2001 most businesses cut back sharply on spending. Thanks to the superlow interest rates set by the Fed, though, households plowed on, and for the first time ever, consumer spending kept rising during a...
That makes what is happening in Levittown today so important. County officials, along with environmentalists and local businesses, recently launched the Green Levittown program, which aims to persuade residents to upgrade their homes, improving energy efficiency and cutting fuel bills. Volunteers signed up to canvass Levittown's 17,000 homes...
In uncharacteristically blunt terms, Sen. John F. Kerry delivered an impassioned plea for action on climate change at the Law School Wednesday, rebuking the nation’s “screwed up” priorities and criticizing both the U.S. government and Harvard for not taking stronger action to...