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...recession is defined by the Business Cycle Dating Committee of the National Bureau of Economic Research, the semiofficial arbiter of such matters, as a "significant decline in economic activity spread across the economy." It's certainly better for economic activity to be increasing rather than decreasing, but the focus on whether the economy is in recession or not can miss a lot. "I don't care about what the dating committee says. I'm concerned about longer-term issues," says Yale economist Robert Shiller. "We are in for an extended period of subnormal economic growth." Mohamed El-Erian, chief executive...
...Iranians, says Ken Katzman, a Middle East specialist at the Congressional Research Service. "These symbols of the Iranian reform movement are quite visible, quite vocal and quite well endowed, technologically. But they're not a majority. We keep missing that." Rutgers University professor Hooshang Amirahmadi fears that policymakers will focus more on the election than on the larger struggle of a new class of secular nationalists to break the bonds of theocratic rule. "The movement is moving beyond the framework that the Islamic Republic has set for itself," Amirahmadi says. "It's no longer a struggle between factions...
...business. Dozens of websites cater to the needs of the bachelor-party planner (typically, the groom's best man). I-Volution Inc., which owns two of the largest bachelor-party sites on the Web, says its websites get about 4 million visitors a year - 35% of whom focus on the Las Vegas packages. Just witness the success of the hit film The Hangover, whose tale of a prenuptial Las Vegas jaunt gone horribly awry has topped the box office for two straight weeks, pulling down more than $105.4 million. (See the top 10 non-emergency 911 calls...
...change the course of that fate, a coalition of major health agencies from Australia, Canada, China, Britain and the U.S., which together control 80% of the world's public health-research funding, announced today the formation of the Global Alliance for Chronic Diseases (GACD). "Our focus is on reducing the burden of chronic diseases in developing countries," says Leszek Borysiewicz, the chief executive of the U.K. Medical Research Council. "It's critically important to make these interventions now." (Read how health workers are helping fight killer diseases in the developing world...
...taken place. Maulana Fazlullah, the leader of the Swat Taliban, and other members of his leadership have not been eliminated - a declared priority. Last year, when fighting intensified against militants in the Bajaur tribal agency, the military's campaign faltered in Swat. And over recent months, as the focus reverted to Swat, a failure to consolidate gains in Bajaur has led to a truce there breaking down and Taliban fighters returning...