Word: nationalism
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Back in September, V.V. Chari, an economist at the University of Minnesota and an adviser to the Federal Reserve Bank of Minneapolis, got a call from a Congressman. Treasury Secretary Hank Paulson and Federal Reserve Chairman Ben Bernanke were arguing that they needed $700 billion to save the nation's financial system, and the Congressman wanted to know what to make of it all. Chari said he didn't know - he hadn't looked at the data. Policymakers kept talking about how banks weren't lending to businesses or to individuals or even to each other, so Chari pulled numbers...
Usually in the hours before Christmas, the nation's stores are overwhelmed with harried shoppers buying last-minute gifts: books and pearl necklaces and even Uggs, those ubiquitous suede boots. On Tuesday, however, New Orleans' largest shopping mall was eerily empty. There was hardly a soul inside Saks Fifth Avenue to sniff fragrances or poke at the $95 stripped ties at nearby Brooks Brothers. Even the super-sized signs promising 75% discounts failed to lure customers into another upscale men's boutique up the street...
...beginning of the year, polling firm Gallup started asking 1,000 people every night how they felt. Gallup has found that moods do jump around a lot. People are happier on the weekends. Holidays are also big mood boosters. But in general, Gallup has found that the nation's mood has remained relatively stable the whole year, bouncing within the same range even as the economy has deteriorated...
...served two terms as mayor and I felt, and still feel very strongly, that the founders of our nation felt that public service was not something that you would aspire to as a sole thing to do in life, but you would have a life outside of politics,” Vilsack said in an interview earlier this semester...
...kick off the Christmas season, the U.S. holds the Macy's Thanksgiving Day Parade with Santa Claus bringing up the rear. Black Friday shopping gets underway bright and early the following day and just over a week later comes the lighting of the nation's most famous tree in Rockefeller Center. But Americans might learn a thing or to from the Spaniards; although the Christmas season doesn't really get started until Dec. 22, they do it in style. On that date every year, children from the San Ildefonso School (once an orphanage for boys) sing a three-hour Gregorian...