Word: protractedness
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For most of the past 20 years, Japan has been in a state of political and economic paralysis. Ever since its property-and-stock-price bubble collapsed in the early 1990s, the economy has teetered on the edge of recession, occasionally tumbling into one. With one exception (Junichiro Koizumi), the...
HUCTW ratified its first contract with Harvard in 1989 after a protracted struggle to gain recognition from the University.
But the Jerusalem standoff also carries a domestic political risk for the Obama Administration. A number of Republicans have already lashed out at the President over the issue - former Bush Administration Middle East policy chief Elliott Abrams wrote in the Washington Post that "the Obama Administration continues to drift away...
Domoslawski maintains that he didn't set out to destroy a man he still considers to be a great writer. In fact, he said in an interview with Polska the Times, he wrote the book with "empathy" for his old friend. "He has been a myth and an icon," the...
That doesn't mean there's no downside. Supersized sovereign debt is likely to depress economic growth. Hefty debt payments lead to heftier taxes, which bite into consumer spending and corporate investment. Economists Carmen Reinhart of the University of Maryland and Kenneth Rogoff of Harvard University found in a recent...