Word: gordons
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...early 1970s that created concern among economists such as Krugman. Low productivity growth explained much of what had gone wrong with the U.S. economy: stagnant wages, high inflation, ground lost to Japan. But what caused it? The most convincing explanation came from Northwestern University's Robert J. Gordon. In the early and mid-20th century, he argued, the U.S. benefited from a spectacular confluence of technological innovation involving electricity, the internal combustion engine, petrochemicals and communications. By the 1970s the economic impact of innovation in these fields had waned, and nothing came along to replace...
...into. In public, they mostly retreat from confrontation like a herd of Stan Laurels. Opposition parties have pledged for now to support the government's efforts to end the turmoil, but are itching to emphasize Brown's own role in creating it. "When he rewrote financial regulation in 1997, Gordon Brown took away the Bank of England's power to call time on the build-up of debt," Conservative Shadow Chancellor George Osborne tells Time in a rare frontal attack. "The result is that we now have the most personal debt of any major economy ever...
...sound made by Treasury officials tearing up their 2009 budgets. With the economy slowing, tax receipts are lower than expected, and in Britain, France and elsewhere government spending is higher than forecast. Now comes the bank bailout, and with it, a huge increase in government borrowing. British Prime Minister Gordon Brown has been the first to detail his national package, and it's making fiscal hawks shudder. It involves injecting up to $65 billion into three British banks - Royal Bank of Scotland, HBOS and Lloyds TSB - in exchange for equity stakes...
Minister of Health Gudlaugur 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...
Some Harvard educators, however, support Magliozzi’s mission. Professor Gordon Teskey writes in an e-mail, “It seems to me teaching is a calling and a mission, the purpose of which is to reach as many people as possible...