Word: peak
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Difficult conditions led to a tough weekend for the Harvard skiing team, as the nordic and alpine squads continued their trend of tenth-place finishes at the University of Vermont Carnival in Stowe, Vermont. Despite the new race trail at Spruce Peak, the Stowe course maintained its reputation as one of the most challenging races of the collegiate season. The snow proved to be very dry and grippy, leading to deep ruts at the base of each gate on the course for the alpine events. Also, a white-out of intense snow and booming thunder welcomed the Crimson contingent when...
That lag means we've likely got a ways to go before unemployment peaks. GDP during the 1981-82 recession, arguably the worst since the Great Depression, started rebounding in the second quarter of 1982. Yet unemployment didn't peak until the very end of the year. When it did, 10.8% of the workforce didn't have a job. For the unemployment rate to get up that high today, we'd still have nearly 5 million more jobs to lose. But, of course, 10.8% is simply a number plucked from history. Records do get broken...
...leader of Canadian supergroup The New Pornographers, Carl “A.C.” Newman has been one of the most consistently inventive and thrilling songwriters of this decade. However, the peak of his career so far may well be his lesser-known 2004 solo record, “The Slow Wonder.” Featuring supremely catchy indie-pop stomps alongside more introspective tracks, it proved that Newman could write personal and meaningful music that didn’t simply fulfill the power-pop template so successfully adopted by The New Pornographers. The triumph...
Capitol Hill, meanwhile, hums at peak capacity. Congress is frantically stacking pet projects into a trillion-dollar tower in hopes that--by painting the word stimulus down the side--it will lift off like an economic rocket. There is no Plan B. The hero of recessions past--the American shopper--has left the mall. For the first time in its history, the National Retail Federation predicts consumers will actually spend less over the coming year. Super Spender can't save the day when stuck in the unemployment line...
...until the end of 2010, maybe even 2011, that we'll see steady price gains," says Celia Chen, an economist at Moody's Economy.com. Chen and her colleagues predict that home prices, as measured by Case-Shiller, are due to drop some 30% from their early-2006 peak. We're only about two-thirds of the way there. (See pictures of Americans in their homes...