Word: fasts
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...government can't hire everyone, where will jobs come from? One option would be to rely on traditional strategies: if we create demand through growth, cheap money and massive government spending, then some jobs will return. In the meantime, train people for whatever work they can get - fast food, nursing, you name it. But if we're in a posthysteresis world, then just adding gas to the economy won't be enough, and making cheap low-end jobs won't deliver a workforce capable of sustaining competitive growth. "There's no use making economic change if you don't have...
...demand this week, IHS Cambridge Energy Research Associates, which monitors global oil markets, said the world would use about 900,000 more bbl. of oil a day next year than this year and by 2012 would fully recover to its 2007 prerecession levels. OPEC is also betting on a fast global recovery. Angola's oil minister, José Maria Botelho de Vasconcelos, the current rotating OPEC head, told the meeting attendees in Vienna on Wednesday that "the darkest days of financial turmoil and economic recession are behind us." That belief has helped to persuade OPEC leaders that they can keep...
Could the trouble with money be that it's...too fast? Sure, you may think, it leaves your pocket too fast. But Woody Tasch, a longtime investment professional and founder of the Slow Money Alliance, is talking not about anyone's spending habits but money as a system: as money increasingly functions as electronic blips shuttling from screen to screen in speculative transfers, it becomes divorced from its effects in the real world and less reflective of actual wealth. The result, he says, has been bad for our economy, the planet and the individual investor. The antidote, according to Tasch...
Michelle, all through this year, you kept your job writing for BusinessWeek. How did you manage to keep up that fast-paced lifestyle, and shift back and forth? Michelle: It was like two alternative realities that I would have on the same day. But they were really complementary...
...Michelle: BusinessWeek was my fast life, where I got my weekly adrenaline rush, doing this work I really love and really believe in, which is a huge part of having a happy life. And then I would go home, where the screens were off and it was very quiet and it was just my family. I was living in the moment then...