Word: hardding
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...local people out of the property market while losing agricultural land to so-called residential development, which may well stand empty for more than half the year. Tax benefits for property speculators are costly and regressive and any politician considering ways to save money should give them a long hard look. M. Esdaile Walker, COLOGNE, GERMANY...
Despite its flaws, GDP has proved hard to replace - if only because it provides a single number which nations can use to measure themselves against neighbors and rivals. At an OECD conference in Korea later this month, attendees will try to develop an array of measures that take into account broader definitions of well-being. They have their work cut out for them. While the tiny Himalayan kingdom of Bhutan measures its gross national happiness, no major economy has followed suit...
China's example shows how hard it will be to switch to a more comprehensive measure. But it's also another lesson on how misleading the current figure can be. The numbers that caused so much shock were a better reflection of the country's long-range economic health. It might take time before we find a replacement for GDP. Until then, there's little point in marking our progress against something that's so clearly wrong...
...called Google a "Dickensian street pickpocket." The Open Book Alliance, a coalition that includes goliath rival Microsoft as well as the National Writers Union, likened Google to industrialist John D. Rockefeller and compared the settlement to a monopoly cartel controlling the future of digital publishing. "They have worked very hard to create the impression that this is like a freight train, and if you want to stand in front of it, you'll get run over," Gary Reback, an antitrust attorney who penned the legal brief for the Open Book Alliance, told TIME. (See the 100 best novels...
Sweet & Nasty, a Halloween classic, has been advertised as “Harvard’s most scandalous Halloween party.” Probably because it’s hard to compete with stripper poles and cages...