Word: ii
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...struggling to make a dent in crippling unemployment, Roosevelt had come around to Keynes' advice. It worked: massive New Deal and World War II outlays pushed unemployment down from nearly...
...What I’m looking at is the role of Protestant missionaries, mostly prior to World War II, in the spread of mass literacy, availability of texts, and various legal protections, which make countries have better current economic outcomes,” he said...
...American Dream that was about to dim. Bookended by 9/11 at the start and a financial wipeout at the end, the first 10 years of this century will very likely go down as the most dispiriting and disillusioning decade Americans have lived through in the post-World War II era. We're still weeks away from the end of '09, but it's not too early to pass judgment. Call it the Decade from Hell, or the Reckoning, or the Decade of Broken Dreams, or the Lost Decade. Call it whatever you want - just give thanks that it is nearly...
...exception to the trend is our invention of the year. We chose the Ares I rocket not only because it's a marvel of engineering but also for a symbolic reason: it's a link between a horrific past (the V-2 rocket used by Germany during World War II) and an optimistic future, in which we reclaim the dream of traveling to other planets...
...companies are trading at an average price-earnings ratio of nearly 19, higher than the long-term historical average of 15. But basing stock values on 2009 data is inappropriate. This year saw the bottom of the worst recession since World War II. What is relevant for determining stock values are future earnings, not past earnings. Next year's operating earnings for S&P 500 companies are projected to average $74 a share, less than 15 times earnings; early estimates for 2011 are at $85 a share, 12.5 times earnings. Indications are that stocks have room to run, especially when...