Word: prevention
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...Taylor Rule provides less guidance when the neutral interest rate is shifting rapidly due to changes in financial conditions, which is exactly what is happening right now. Banks and other lenders are demanding a higher premium for lending to households and companies. To prevent the cost of borrowing from increasing - to keep interest rates at neutral, in other words - the central bank must cut the policy rate. If the central bank wants then to provide monetary stimulus to an ailing economy, it must reduce the policy rate even further to get below the newly depressed neutral rate...
...Israel from the Palestinian West Bank doesn't mean that they have stopped trying. Says an officer in the Israel Defense Forces (IDF): "Our people sleep comfortably in Jerusalem and Tel Aviv because the IDF is putting in a huge effort, day and night, in the West Bank to prevent terror...
...John Cloud explains how the idea of authenticity--we know it when we see it (or at least we think we do)--is shaping not only our consumer culture but also the presidential campaign. Amanda Ripley explores how counter-terrorism experts are using former terrorists to prevent the radicalization of new ones. Bryan Walsh has a fascinating piece about the idea of geoengineering: how, instead of fixing or curing the earth, we might re-engineer it on a massive scale to solve climate change. Other pieces include Justin Fox's take on the coming era of austerity; David Van Biema...
...born politician; in others, he's anything but. On one hand, he comes from political stock - the New York State Senate seat he assumed in 1985 was formerly held by his father, Harlem political leader Basil Paterson. On the other, he is legally blind (a disability that did not prevent him from completing the New York City Marathon in 1999). When the Columbia University and Hofstra Law School graduate became the State Senate's minority leader in 2002, it marked the first time an African American assumed that position. As governor, Paterson will add to his groundbreaking record by becoming...
These are all steps in the right direction, and hopefully will prevent this sort of racist discourse from running under the radar in the future. Many other opinions writers for The Campus Press wrote that they were appalled to see, “If it’s war the Asians want…” appear in the paper...