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...current instance.5 One factor, which illustrates my point about the adaptability and flexibility of the U.S. economy, is the pronounced decline in the energy intensity of the economy since the 1970s. Since 1975, the energy required to produce a given amount of output in the United States has fallen by about half.6 This great improvement in energy efficiency was less the result of government programs than of steps taken by households and businesses in response to higher energy prices, including substantial investments in more energy-efficient equipment and means of transportation. This improvement in energy efficiency...

Author: By Crimson News Staff | Title: Full Text of Ben Bernanke's Class Day Speech | 6/4/2008 | See Source »

...string of ECAC opponents until the end of the season, Donato stressed that only renewed focus and confidence could return Harvard to its potential that had already led the Crimson to victory over the likes of Boston University and Cornell. Time and again in this losing streak, Harvard had fallen thanks to crucial missteps—a slow start, costly penalties—and an inability to convert chances on offense. Instead of embarking on a massive overhaul, Donato stressed the importance of avoiding the little mistakes and winning individual matchups on the ice. By the close of the season...

Author: By Robert T. Hamlin, CRIMSON STAFF WRITER | Title: Revival After Slump Starts at Top | 6/3/2008 | See Source »

...from their command center. Emil Jonsson, an electrician by trade from a suburb of Reykjavik, got a call from his unit within 15 minutes of the tremor. He has already finished going through houses in the area to assess any damage. "The houses were okay, but everything inside had fallen," says Jonsson. "Now I'm waiting for another...

Author: /time Magazine | Title: The Loneliest Quake on the Planet | 6/1/2008 | See Source »

...about drinking coffee and smoking. Police Chief Kjartansson surveys the disarray in his headquarters, littered with scattered papers and filing cabinets. "If somebody had been taking their passport picture an hour earlier, you can see what would have happened," he notes, pointing to the tall metal column that has fallen on the precise spot where people sit to be photographed. At the door of another office, a bookshelf has collapsed onto a chair. "If somebody had been sitting at that desk," he says, not finishing his sentence...

Author: /time Magazine | Title: The Loneliest Quake on the Planet | 6/1/2008 | See Source »

...Bill. When it was signed in June 1944, the Servicemen's Readjustment Act (the policy's official name) offered a college scholarship to all those who had served in uniform, whether or not they had fought on the front lines. In the decades since, benefits have fallen far behind the cost of university tuitions, prompting Senators Jim Webb and Chuck Hagel to draft a new GI Bill that would offer soldiers full tuition at any state school...

Author: /time Magazine | Title: A Brief History Of: The GI Bill | 5/29/2008 | See Source »

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