Word: periodicity
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...While a little inflation is considered normal and healthy for growing economies, a prolonged deflationary period is a recipe for economic misery. Falling prices drag down corporate earnings, wages, consumer spending and investment by businesses, and can lead to a deflationary spiral like the one the world experienced during the Great Depression. "If price deflation leads to asset deflation and that leads to further deterioration, then that will lead to the collapse of the economy," says JPMorgan Securities chief economist Masaaki Kanno. Deflation has periodically plagued the Japanese economy for the last 15 years, ever since a spectacular asset bubble...
This year marks the 50th anniversary of the Cuban Revolution and Fidel Castro’s rise to power, a period of drastic cultural and political change in the island nation’s history. Marking this occasion, The Boston Printmakers, an artists’ association at Emmanuel College, are presenting an exhibition titled “Making Connections: Contemporary Cuban Printmakers.” Since early October and continuing through Sunday at The Laconia Gallery in Boston, the exhibition showcases prints by over 90 contemporary Cuban artists...
...college visit that students would rip out the pages of library coursepacks so that other students couldn’t use them before exams. I’d never experienced anything like that at Harvard. On the contrary, a certain sympathy saturates the drudgery of Lamont during reading period...
...favorite. It’s a very satisfying piece. It has so much depth—partly due to Brahms’ genius, of course, but also due to the fact that he put so much work into it. He revised and proofread every work for a period of years—sometimes decades. There are no flaws in it. It’s a hard piece to play, too—you can’t wing...
...country for just four years before a coup hatched by disgruntled military officers, some of whom harbored Islamist or pro-Pakistani sentiments, led to his assassination and the installation of a military government. Since then, Bangladesh has endured a succession of army-run regimes, as well as a period of dysfunctional democratic rule marred by corruption and partisan bickering. "What you're dealing with is a very fractured, highly politicized society," says Ali Riaz, chair of the Department of Politics and Government at Illinois State University...