Word: feds
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...recession the unemployment rate hit 9.4% in May - and choosing to tap credit lines less. Commerce Department figures from earlier this week show that people are now saving 5.7% of their disposable income, the highest rate in 14 years. In an April survey of senior bank-loan officers, the Fed found that demand for loans from households was down in almost every category. (Watch TIME's video of Peter Schiff trash-talking the markets...
...have more fly-by-wire technical failure with them than you do with hydraulic, mechanic or engine failure." As for Flight 447, even if the plane's ADIRU did malfunction, an electrical short circuit or other problem may actually be to blame, he says. "The ADIRU is fed by a lot of sources, and the failure of one of these sources could lead to an ADIRU failure...
...book you use history and psychoanalysis to explain what kindness means today and how it has evolved. Why take that route? Taylor: I had got fed up with seeing stuff in the media about people suddenly discovering that being nice to others made them happier than being self-interested or greedy. How is it that people don't know this? In order to understand what's happened to kindness in contemporary society, it's important to understand how we got here. (See 20 ways to get and stay happy...
...time of tension between the United States and Muslims around the world - tension rooted in historical forces that go beyond any current policy debate. The relationship between Islam and the West includes centuries of co-existence and cooperation, but also conflict and religious wars. More recently, tension has been fed by colonialism that denied rights and opportunities to many Muslims, and a Cold War in which Muslim-majority countries were too often treated as proxies without regard to their own aspirations. Moreover, the sweeping change brought by modernity and globalization led many Muslims to view the West as hostile...
...says. “Most of the outcomes aren’t forecastable, so uncertainty is the biggest permeator here.”And a “fundamental uncertainty principle,” according to economics professor Jeremy C. Stein, means that the best model fed an infinite amount of data would still fail to predict securities prices perfectly. Relying heavily on this dataset and acting according to the outputs of the models would change economic parameters so that the original assumptions are no longer valid.“Unlike in the physical sciences, where with enough data...