Word: recessional
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The recession is nearing its end. At least, it seems to be. A generally improving trend in the economic data has forecasters saying the downturn will turn into an upturn sometime between early this summer (the optimistic view) and late next winter (the pessimistic one).
But here's my assessment: So what? A recession is defined by the Business Cycle Dating Committee of the National Bureau of Economic Research, the semiofficial arbiter of such matters, as a "significant decline in economic activity spread across the economy." It's certainly better for economic activity to be...
(Read about five things to expect when the recession ends.)
See 10 things to buy during the recession.
Though Frans A. Spaepen will wrap up his term as interim dean of the School of Engineering and Applied Sciences on July 1, he isn't finished with temporary positions just yet. The applied physics professor will serve as interim director of the Center for Nanoscale Systems, where his most...