Word: hugeness
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...While the new programs should assist the most troubled end of the real estate market, they will not come close to replacing the huge intervention by the Federal Reserve in the mortgage-securities market, which helped keep mortgage rates enticingly low. (See 10 perfect jobs for the recession - and after...
...Both for teaching reasons and for the importance of [macroeconomics and finance] to research ... we have made these fields two of our top field priorities,” said John Y. Campbell, chair of the economics department. Acquiring Simsek was a “huge success,” he added...
...perversion of post-Cold War thinking, the $1 trillion push to build and fly the F-35 isn't driven by huge fleets of hot new warplanes being built by - well, new perpetual bogeyman China or former perpetual bogeyman Russia. Rather, the haste is being driven by Pentagon concerns over looming shortages of F-16 and F-18 jet fighters. And what's causing those shortages? Gates made it clear that the current planes must be retired in order to save money so the military can pay for the F-35. "The Air Force, in order to be able...
Just last summer, Gates toured the huge Fort Worth, Texas, factory where the F-35 is coming to life and declared himself satisfied. "My impression is that most of the high-risk elements associated with this developmental program are largely behind us," he said. Cheaper F-35s rolling off the assembly line seemed to bolster the wisdom of Gates' earlier decision to kill the F-22 fighter, because cheaper F-35s could fill any resulting...
...President spoke, but the speech solidified him in his party's esteem - just as the vote would anchor him in history. Obama became a very different President in the process. After a first year in office that promised consequence but never quite delivered on it, he had done something huge. The comparisons with Jimmy Carter would abruptly come to an end. He was now a President who didn't back down, who could herd cats, who was not merely intellectual and idealistic but tough enough to force his way. This is bound to change the landscape of American politics...