Word: recessional
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For the past 40 years, Americans have looked at Asia's phenomenal economic growth and asked, What are they doing right, and what are we doing wrong? Today the question rings louder than ever. As Asia surges out of the Great Recession, experts are searching furiously for the secrets of...
Sure, the authoritarian rulers in Beijing can sometimes implement policies more efficiently than the argumentative democrats of the West. That's exactly why Beijing's recession-busting stimulus plan proved more effective than Washington's. With no political debate to get in the way, China's bureaucrats splashed money everywhere...
Donations to American colleges and universities fell nearly 12 percent during the fiscal year ending last June, the steepest decline in fundraising since the mid-1970s and a direct result of the recent recession, according to a report released by the Council for Aid to Education yesterday.
The magnitude of the recent recession has raised fears among some economists that Americans might significantly alter their spending patterns, shifting away from the high levels of consumption that have characterized recent years of economic growth.
Thomas Jefferson, one of America’s most widely read forefathers wrote, “The best government is the government that governs least.” What Jefferson intended was for a system of self-regulating government. The financial crises on Wall Street and Main Street in late...