Word: rationale
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While a recent poll showed that more than two thirds of Massachusetts voters favor relaxing laws against marijuana, State Representative Will N. Brownsberger ’78—a drug addiction and enforcement expert who represents parts of Belmont and Cambridge—said he has grave concerns about...
Martin Amis is a cold-hearted bastard.I don’t know that for certain, of course, but I can’t see how anyone with any true emotion or sensitivity could produce the 14 pieces collected in “The Second Plane: September 11: Terror and Boredom...
Barnes & Noble owners around the country must be suffering from sensory overload. Each week, they open a new shipment to find political hardbacks positively yelling at them. “If Democrats Had Any Brains, They’d Be Republicans.” “The Prosecution of...
In the long run, however, the rational conclusion is simple. Just like in the past, the U.S. government remains unwilling to withstand a downturn in house prices. As every investor knows, past performance is no guarantee of future performance; yet past performance does remain a powerful market sign. Regardless of...
Why should government (and by extension taxpayers) even be contemplating such action? The clearest explanation is probably that of Paul McCulley, a managing director of the money-management firm PIMCo, who wrote an essay last summer on "The Paradox of Deleveraging" that continues to resonate in financial and economic circles...