Word: growth
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...third quarter, then the fourth quarter of this recession football game. But what sort of recovery are we going to get? That's an important question, because the history books tell us that a sustainable bull market in the aftermath of a recession traditionally requires 4% real growth in the economy and 20% growth in corporate profits. But I don't think we are headed for such a strong recovery...
...programs under Tosteson. “If [others] did a good job, he let them run with it and supported them as much as possible.”Tosteson was able to realize his expansive vision in part because of his prowess at fundraising. The endowment’s growth from $128 million to $1.1 billion during his 20 year tenure helped to finance a bigger faculty and major construction projects.Though he was consumed by his work, he was “totally present” in the lives of his children, said his son Joshua Tosteson. During family trips...
...marked the start of a financial chain reaction that reached across the oceans, bringing down parliamentary governments in Iceland and Latvia, and forcing the Hungarian and Ukrainian governments to appear hat-in-hand before the International Monetary Fund. We also watched—with some concern—as growth forecasts in several important emerging markets, like China, dipped for the first time in decades. We encouraged American and European policymakers to take aggressive action to forestall the crisis, and were supportive of the Bush Administration’s financial rescue plan.Around Thanksgiving, we were truly horrified by the brutal...
...Such observations would prove prescient. Lewis calls the exponential growth in computer speed and processing “astonishing.” Speaking of the trajectory from personal computer squabbles to Internet freedom of information fights, he says, “right now we’re in as much a state of turmoil with that as we were 25 years ago with the question of what to do with these personal devices.” He adds, however, that, “this will all be settled in 25 years...
...social ailments, as is coming to terms with our inability to accurately predict what is to come. We cannot foretell the changing tides of Heraclitus’ river. Yet learning to fail inherently means learning to curb our hubris—and that is a lesson of personal growth I hope each of us takes through the gates...