Word: engineeer
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American consumers had become more addicted to debt than Wall Street was. Total household debt at the end of last year was $13.8 trillion, up 20% since 2005. At the same time, the household savings rate ticked down close to zero; the rocket's engine was running on empty.
The question that Updike the Elder is putting to his younger self in Widows is this: Once the sex is gone, where does the power come from? ("Everybody needs power," Alexandra tells her daughter. "Otherwise the world eats you up.") Updike has spent his entire career writing about characters who...
But Obama seems a more certain policymaker now, if not exactly a wonk in the Clintonian sense. He has a clearer handle on the big picture, on how various policy components fit together, and a strong sense of what his top priority would be. He wants to launch an "Apollo...
A Harvard-based organization seeking to develop ways to screen loan applicants in developing nations received a grant from the philanthropic arm of the search engine giant Google on Thursday.
Until the mid-'90s, that is, when productivity growth rebounded, from about 1.5% a year to more than 2.5%. The engine apparently was the rise of the computer and the Internet. And the boom continued even after the technology bust of 2001. In 2006-07, productivity growth slumped to pre...