Word: depressionitis
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The most serious issue has been Bruni's reported involvement in two recent cases of blocked extraditions of convicted Italian leftist terrorists, who had taken refuge in France under a special amnesty law signed by then-President Francois Mitterrand in the wake of Italy's so-called "Years of Lead...
A recession is when your neighbor loses his job, the saying goes; a depression is when you lose yours. That line is shifting under the feet of countless Americans. In December, for the first time on record, unemployment rose in all 50 states and the District of Columbia. On Jan...
The figures bear that out. The four biggest killers in Tehran today are road accidents, estimated to cost 28,000 lives every year; cardiovascular diseases tied to Tehran's polluted air and the high rate of smoking among men; depression; and drug addiction. "More than 70% of factors that affect...
These findings have policy implications. Keltner has noticed that so far, government and media types have portrayed the prospect of a Greater Depression as "something to be enormously fearful of." He says, "If you listen to these messages, this problem is framed as an abyss, a downward spiral."
I'm beginning to wonder if anyone reads basic economics anymore. It has been widely understood for centuries that government does not create wealth; it merely redistributes it. The stimulus plan can be summarized as follows: we are going to borrow a trillion dollars from foreigners and spend it on...