Word: l
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...Where is the global economy heading from here? My concern right now is that this U-shaped recession we are in could turn into something much uglier, meaning a Japanese-style L-shaped recession. We're in the worst global synchronized recession in the last 60 years. Unless we take the right policy actions, we'll end up in a near depression. I did not want to use that term six months ago. At that time, I said the chances of a near depression were only 10%. But today those chances are 33% or so. (Read "25 People to Blame...
...What's the best-case scenario? If you do everything right, you avoid an L, and that's really good news. But you still have a situation in which global growth this year is negative. GDP growth in advanced economies is going to be negative through the fourth quarter of this year, and next year, growth will be anemic - probably 1% or lower. Job creation is going to be negative. In the best of circumstances, we have a two- to three-year recession in advanced economies...
...decade. The space for the MRI was completed last semester—following the entire Center’s move into the Northwest Labs in July—and except for a few small parts, the MRI was ready by the end of January, according to Psychology Professor Randy L. Buckner...
...Staff writer Elyssa A. L. Spitzer can be reached at spitzer@fas.harvard.edu...
...Arta Dobroshi didn't waste time pondering the tragedies she had witnessed. Instead, she threw herself into acting. She took roles in the local theater and Albanian movies, and finally caught the attention of the Dardenne brothers, whose movies Rosetta (1999) and L'Enfant (2005) had already each won a Palme d'Or at Cannes. They invited her to an audition for the lead for The Silence of Lorna. And if a war couldn't stop Dobroshi from pursuing her acting career, the fact that the only French she knew was the days of the week wouldn't stop...