Word: facedness
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In the case of households, debt rose from about 50% of GDP in 1980 to a peak of 100% in 2006. In other words, households now owe as much as the entire U.S. economy can produce in a year. Much of the increase in debt was used to invest in...
Some say you can't solve a problem by throwing money at it. But that's what the Fed and the Treasury are attempting. Faced with the potential debacle of Depression 2.0, they have tried to calm the fears with up to $2 trillion of liquidity. Call it the Great...
? J.B. Jeyaretnam, often called J.B.J., gave up life as a high-flying lawyer to become Singapore's most tenacious government critic and, in 1981, the first opposition leader elected to Parliament. The bewhiskered Jeyaretnam served in Parliament from 1981 to '86 and from 1997 to 2001. A fierce advocate...
The Palin administration has also had a tendency to vilify its opponents. Hawker, whose wife works in the oil industry, says that this year after opposing the governor's tax plan on conservative economic grounds, he faced a GOP primary opponent for the first time in his career. Palin's...
The dark horses of the Ivy League have galloped out into the light.On a miserable afternoon last Saturday, torrential downpours throughout the Northeast seemed to wash away the old guard of the Ancient Eight and create an opening for a new order.Harvard and Yale–the two Ivy giants...