Word: departmentalizing
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Consider GDP. In October, the Commerce Department announced - to rejoicing in the media, on Wall Street and in the White House - that the economy had grown at a 3.5% annual pace in the third quarter. By late December, GDP had been revised downward to a less impressive 2.2%, and revisions...
Or take jobs. In early December, the Labor Department's monthly report surprised on the upside - and brought lots of upbeat headlines - with employers reporting only 11,000 jobs lost and the unemployment rate dropping from 10.2% to 10%. A month later, the surprise was in the other direction - unemployment...
With that in mind, I asked a few of my favorite economic forecasters to name an indicator or two that I could afford to start ignoring. Three said they disregarded the index of leading indicators, originally devised at the Commerce Department but now compiled by the Conference Board, a business...
Sponsored by the Department of African American Studies, the W.E.B. Du Bois Institute, and the Committee on African Studies, the panel assembled a variety of perspectives on the Haitian crisis from writers, including Haitian-born poet Patrick Sylvain, and doctors like Mary Louis Jean Baptiste, a Haitian-American mental health...
According to history professor Daniel L. Smail, who said he appreciated receiving enrollment numbers before the weekend, students were seen “milling around” the history department on Friday, frantically trying to get study cards signed.