Word: dollarses
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Part of the trend toward sensibility is being driven by a shift in buyers. With home prices back to earth and federal dollars encouraging first-time owners, Generation Y is out shopping in a way it never has before. People in their 20s and early 30s aren't looking for...
In your article you referred to "the billions of dollars spent on reconstruction projects in Afghanistan." Since you seem to have some hard information, perhaps you could enlighten us as to what this has achieved in the way of improvements to the lives of ordinary Afghans. Or is it merely...
None of this is simply academic theorizing. One year on, public fury about the massive banking bailouts continues to drive calls for greater oversight and regulation. Much of the outrage is directed at bankers who earned huge bonuses by taking outsized risks with complex financial instruments, only to walk away...
Yet Bangkok feels high and dry compared to Jakarta. This year, in January, when the rainfall is heaviest, the U.S. embassy in Jakarta advised its citizens to stock up on food and water, keep cell phones charged and gas tanks at least three-quarters full, and exercise caution when driving...
That brings us to lesson No. 2. Early in the Great Depression, powerful voices at Treasury and the Fed argued that financial crisis was a necessary corrective. "Liquidate labor, liquidate stocks, liquidate the farmers, liquidate real estate," Treasury Secretary Andrew Mellon advised President Herbert Hoover. "It will purge the rottenness...