Word: momentous
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Dates: during 2000-2009
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...What Summers proceeded to offer was, in fact, an unusually candid insight. And though couched in jargon, it was an insider's confession of why our present economic moment is fraught with both danger and opportunity. There appears to be, Summers told the suddenly very attentive crowd, a strange bit of physics working itself out in our economy. The problem is related to a hiccup in an economic rule called Okun's law. First mooted by economist Arthur Okun in 1962, the law (it's really more of a rule of thumb) says that when the economy grows, it produces...
Right Man, Right Time By one of those strange Sully Sullenberger collisions of preparation and crisis - the sort that put Depression expert Ben Bernanke in at the Fed at the moment of a flameout of 1930s magnitude - Larry Summers made his reputation as an employment theorist. Summers is the nephew of two Nobel economists and was regarded as the smartest undergrad anyone knew, but as he surveyed his research options 30 years ago, he settled on the then relatively unsexy specialty of labor. The subject tickled his sense of skepticism. "The view that was taking hold at that time...
...what did you do with all that time that was opened up by the project? Was it hard to figure out what to do once the noise of electronic culture and consumer culture ceased? Michelle: There was this weird moment when my consumer self kind of died away, and it felt like there was an empty spot. If you've heard of the slow-food movement, this was like the slow-life movement. It changed my perspective of time...
...adrenaline rush, doing this work I really love and really believe in, which is a huge part of having a happy life. And then I would go home, where the screens were off and it was very quiet and it was just my family. I was living in the moment then...
...sudden, there’s this ‘happening’ and you’re dancing with people you don’t even know, and you feel alive. Maybe you didn’t a half an hour ago. It’s a fleeting, ephemeral moment, which is what theater is... It makes us recognize things in life and gives us an opportunity to have an exorcism—to laugh at it.” —Staff writer Mia P. Walker can be reached at mpwalker@fas.harvard.edu...