Word: gordons
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...Internet. And the boom continued even after the technology bust of 2001. In 2006-07, productivity growth slumped to pre-1995 levels, before rebounding somewhat in the first half of this year. But year-to-year numbers can be confusingly noisy; it's the trend that matters. Gordon, who doesn't buy that computers and the Internet are nearly as economically significant as cars, electricity and their ilk, thinks we're headed back toward the low pre-1995 productivity trend. The country's other most prominent productivity guru, Harvard's Dale Jorgenson, is more sanguine. He sees large swaths...
...sharply rising unemployment and falling economic output in the coming months as we work off the financial excesses of recent years. Higher productivity makes higher economic growth possible; it doesn't guarantee it. What's more, a financial breakdown can trump long-term fundamentals for years. Gordon identifies the peak years of the 20th century's big wave of productivity growth as 1928 to 1950. A lot of good that did anybody...
...British Prime Minister Gordon Brown said that, despite the cost of going green, governments and citizens would save in the long run from the switch to cleaner energy. And European Commission President José Manuel Barroso warned that Europe was in danger of missing the big picture. "This is not a luxury we now have to forego," he said. "Climate change does not disappear because of the financial crisis...
...Minister of Health Gudlaugar Thór Thórdarson agrees that Iceland has sustained a blow to its psyche, "especially when Gordon Brown uses antiterrorism laws against Iceland," he says, referring to the British Prime Minister's move to invoke an antiterrorism law to freeze Icelandic companies' assets in the U.K. "The people here not only suffer financially - it also makes us feel bad." Indeed, says psychologist Ólafsson," Icelanders have always seen themselves as an independent people, and now we simply can't be as self-sufficient...
...Campaign Committee. Indeed, though Georgia incumbent Saxby Chambliss was sitting on an 18-point lead in September over former state representative Jim Martin, the latest polls have Martin pulling within 3 points of the incumbent. Four other GOP Senators--Elizabeth Dole of North Carolina, John Sununu of New Hampshire, Gordon Smith of Oregon and Norm Coleman of Minnesota--trail their Democratic challengers in the most recent polls. Mississippi's contest between Republican incumbent Roger Wicker and Democratic former governor Ronnie Musgrove is too close to call. And there are two other states--Virginia and New Mexico--where Democrats appear certain...