Word: moment
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...innovations in technology, energy and transportation. Recall, please, the national mood in the mid-'70s: after the 1960s party, we found ourselves in a slough of despondency, with an oil crisis, a terrible recession, a kind of Weimarish embrace of decadence, national malaise - and at that very dispirited moment, Microsoft and Apple were founded. The next transformative, moneymaking technologies and businesses are no doubt coming soon to a garage near...
...present chastening can't mean turning into a nation of overcautious, unambitious scaredy-cats. This is the moment for business to think different and think big. The great dying off of quintessentially 20th century businesses presents vast opportunity for entrepreneurs. People will still need (greener) cars, still want to read quality journalism, still listen to recorded music and all the rest. And so as some of the huge, dominant, old-growth trees of our economic forest fall, the seedlings and saplings - that is, the people burning to produce and sell new kinds of transportation and media in new, economic ways...
...housing industry is comatose, yet even that has a silver lining. We have a moment to pause and reflect before we begin building again. When big-time real estate development resumes, we can move beyond the incoherent, anything-goes paradigm of the postwar era and produce more places to live along the lines of the towns and cities everyone instinctively loves, communities designed to become true communities. "The days where we're just building sprawl forever," Obama said in February in South Florida, "those days are over. I think that Republicans, Democrats - everybody recognizes that that's not a smart...
...Obama's moment of truth will come if Iran doesn't, ultimately, want to play. Will the "demons" rot away his policy judgment? Will he exaggerate Iran's power, as the Israelis and neoconservatives routinely do, turning a relatively modest regional player into an existential threat - mad mullahs ready to blow up the world? Will he allow Republicans to force him into a tough-guy pose for domestic consumption? Will he suffer the delusion that U.S., or Israeli, power can "take out" the Iranian nuclear program without disastrous retribution...
...does everyone reach for it in tough times? To answer that, you have to go back to why trade is good for you. The idea that an exchange of what you have for what I have makes both of us better off must be as old as the first moment anyone swapped cowrie shells for some cooked fish. Organized trade is ancient: silk did not get to Rome because the Romans figured out sericulture; someone imported it from China. But it took until 1817, and the work of the British political economist David Ricardo, for anyone to cloak a theory...