Word: depressionitis
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A friend, a well-known serial entrepreneur in Silicon Valley, says I'm kidding myself. He says that, like the rest of the people in my industry, I'm moving through the classic Kubler-Ross cycle of dealing with a terminal diagnosis. Old media has already gone through Denial and...
In the meantime, though, it’s time for Cambridge to internalize the lesson that Washington should have learned back in 1930, when the restrictive Smoot-Hawley Tariff helped plunge the United States into the Great Depression: Protectionism may be intuitively appealing and politically convenient, but it�...
The report is brutally honest and surprisingly up-to-date, citing the Rush Limbaugh controversy and the Jim Cramer vs. Jon Stewart kerfuffle as evidence of the personality-driven nature of cable news and the viral powerhouse that is YouTube. And like so many panicked reports, this bleak prognosis on...
Now under increased scrutiny as a result of the global recession, however, the Fed chief saw fit to grant the first television interview since his appointment to 60 Minutes correspondent Scott Pelley. The last time a Fed chair gave a television interview was in 1987 when Alan Greenspan appeared on...
• "To understand the Great Depression is the Holy Grail of macroeconomics." - from Bernanke's book, Essays on the Great Depression published in 2004.