Word: lags
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Charles Schultze, a senior fellow at Washington's Brookings Institution, was slightly less troubled by the recent trade data. He countered that in view of the long lag between a falling dollar and an improvement in exports, there was no reason to expect the trade deficit to have fallen very much by now. In any event, the majority of the board members agreed that the trade gap would surely begin to narrow by year's end. "If something doesn't turn around soon, then we don't know anything," said Alice Rivlin, director of economic studies at Brookings...
Just the other day, scientists made a great discovery: that exposure to controlled amounts of light can counter the effects of jet lag. The media pounced on the results and by the end of the day, nearly every major radio station in Boston had broadcast the miraculous discovery. "No more jet lag," the announcers promised...
Although jet lag is only a minor discomfort to most people, it is a perfect example of media-distorted science. Far from heralding a new discovery, this latest announcement shows only how far from a cure for jet lag the scientific world is. One study, one woman, worth little more than one minute's mention on the radio and television news...
...currencies since early 1985, is expected to help reduce the trade deficit by making imports more expensive and American goods cheaper abroad. A turnaround in trade has been surprisingly slow in coming, but economists point out that changes in currency values usually affect trading patterns only after a long lag...
Bright light in measured doses can reset the body's biological clock, promising possible relief for jet lag, sleeping disorders or night-to-day shift changes, researchers at Brigham and Women's Hospital said yesterday...