Word: remains
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Dates: during 1990-1999
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Robert Gordon, who occupies the prestigious Stanley G. Harris chair of economics at Northwestern University, thinks profits may be hit even harder, though he offers no numbers. His explanation: labor shortages caused by the past boom are still severe and likely to remain so even with a slowdown in the growth of output. That condition will push up wages faster than companies will be able to raise either prices or productivity--that is, output per hour. Productivity is in fact already sliding, as it usually does at this late stage of a business expansion, the increasing computerization of the economy...
...best, Wyss and Sinai expect not even the beginning of significant world recovery before the year 2000--and some wounds will remain unhealed long after that. The era of "everybody investing in everything, everywhere" is finished, at least for a good long time, says Sinai. He thinks economists may even reluctantly stop preaching the gospel of totally free markets globally and accept the idea of a greater degree of government control, though far less than in old-fashioned command economies...
Although there's a little new dirt dished with each successive document dump, the guests remain true to character, such as it is, with some texture added. There's lots of texture in the latest data dump. For example, Linda Tripp, as far back as 1994, was the employee from hell. Her new supervisor at the Pentagon wrote a memo noting how disruptive her "best defense is a good offense" tactic was; how she complained about her duties, her office, her parking space; how she was nasty to her co-workers and sent out a constant barrage of e-mail...
...questions Freud asked turn our attention to problems that remain important for us," says Roth. "We didn't try to determine whether the answers he gave were always correct but how his questions influenced the 20th century. I'm not one of those who think we should forget about Freud entirely." Indeed, the whole brouhaha shows how difficult it is for everyone to forget about him. "The passion over this topic is amazing," says Ingrid Scholz-Strasser of the Sigmund Freud Museum in Vienna. "For a dead science, it seems pretty lively...
...game in which it is favored heavily to win, the Harvard players still know they must remain focused for the game...