Word: pained
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...ceases to impress. It’s just one of those inevitable disappointments that come with growing up, like the realization that Santa doesn’t exist or the way that music always takes a turn for the worse after you turn 30. But for our generation, the pain will be especially acute. We’ve grown up on social networks. They’re how we communicate, how we notify acquaintances of our relationships, how we make purchases, even how we keep diaries. What will happen when they are no longer there for us, when that mosquito...
That brings us to lesson No. 2. In the early 1930s, powerful voices at the Treasury and Federal Reserve argued that the deep pain of financial crisis was a necessary economic corrective. "Liquidate labor, liquidate stocks, liquidate the farmers, liquidate real estate," Treasury Secretary Andrew Mellon advised President Herbert Hoover. "It will purge the rottenness out of the system." Late last year, you could hear a few people arguing this case on CNBC and even on the floor of the House of Representatives. But after Lehman's failure, no one at Treasury or the Fed talked that way. Instead...
...Pain...
There is a limit on how big the government's borrowings can get before they start causing problems. But what's the limit? In the early 1980s, many smart people would have told you that deficits topping 3% of GDP would bring economic pain, as government borrowing crowded out private investment and investors demanded higher interest rates on Treasuries to compensate for our country's shakier finances. But during the Reagan presidency, deficits stayed above 4% of GDP for five straight years - and interest rates fell, and the economy boomed. (Hence Cheney's full statement to O'Neill: "Reagan proved...
...that ground alone eating meat is unethical.” Instead of disputing Friedrich’s practical moral arguments, Hopkin and Harvard students in the audience asked questions that could have come from Social Studies 10 or “Justice”: How can we compare animal pain with human pain? And can animals be a part of the social contract? Hopkin conceded that today’s factory farming practices are “unconscionable, and should not be permitted.” But he questioned whether better farming techniques could ever create a world in which...