Word: rising
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...Bush Administration touts a booming economy, but the measures officials like to talk about--GDP growth, rising productivity, job creation--are increasingly out of synch with what Americans are experiencing in their daily lives. For most people, wages are down because of inflation. Their "compensation" may be up because their employer pays more for their health care, but they can't buy milk with an insurance card. Even Fed Chairman Ben Bernanke has called it "puzzling" that the boom hasn't shown up in people's paychecks, saying later that the evidence "is not very overwhelming" that wages will rise...
...Another reason that home wealth may shrink is the increased use of nontraditional financing--adjustable-rate mortgages and interest-only loans. As interest rates rise, many homeowners face higher payments or even foreclosure...
...back to the department as a consultant. On Sept. 11 we'd been unable to communicate with the radios we had in the Trade Center because of all the steel and concrete. I invented a radio, the Command Post Radio, that's powerful enough to work in a high-rise or in the subway, but is still portable...
...Rohini Nilekani, making the money was the easy part. The Bangalore-based wife of Infosys CEO Nandan Nilekani, Rohini owns 1.67% of the Indian outsourcing company, and her personal fortune soared to about $300 million along with the meteoric rise of its stock. She calls her windfall "a quite frightening amount of money." And as soon as it started rolling in, the social activist and journalist began to look for ways to give enormous sums away...
What Bush realized after 9/11 is that unless we can change the conditions that give rise to terrorism, new recruits will simply fill the shoes of those we eliminate. And while radicalization can occur in almost any context, it is easier to defuse the consequences in an open society--one where grievances can be addressed through the political process rather than through suicide bombings. Democracy is no cure-all, but the record suggests that liberal, representative regimes are less likely to sponsor terrorism or wage aggressive wars than their more illiberal neighbors...