Word: peakedness
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Surprisingly, housing prices were not such a debacle - that is, if you bought early and stayed put. The median price of an existing home was $143,600 in 2000. Today the median is nearly $175,000. But remember, millions of Americans splurged for homes in the middle of the decade...
Just as embarrassing was the colossal ineptitude of the big car companies: Ugly, low-quality cars with shameful gas mileage. Layers of redundant management that relied on amateurish financial controls. Insular thinking reinforced by decades of outsize market share. It was as if Detroit had drawn a road map for...
The ceremony, a modest affair by Afghan standards, was a celebration of traditional headgear. Tribesmen from the east sported vast swaths of butter-yellow silk looped into view-blocking turbans, while their southern cousins opted for the more somber black and gray. Northerners were identified by their flat-topped woolen...
By that standard, we're doing O.K. But Bernstein and Christina Romer, the chairwoman of the President's Council of Economic Advisers, made the mistake of providing a more optimistic baseline last January - a forecast in which unemployment peaked at 9% without the stimulus bill and stayed below 8% with...
The American College Health Association reports that regional outbreaks of influenza-like illness seem to have already peaked in the Northeast. There were 30 percent fewer new cases in Massachusetts last week compared to two weeks ago, according to the Association.