Word: risinger
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Not surprisingly, then, Bernanke's testimony went well beyond the usual Humphrey-Hawkins report on how the Fed is doing in meeting its two congressionally mandated goals of maintaining stable prices and full employment (fine on the first, not so fine on the second) to defend the Fed against the...
But Jairam Ramesh, the Indian Environment and Forestry Minister, had other ideas. With Clinton standing by, Ramesh told reporters that India was in no position to reduce its rising levels of carbon-dioxide emissions, and that the West - which had polluted with impunity for decades - was in no position to...
As the hardships of the Franco dictatorship receded, new generations born under democracy embraced rising expectations, both material (by 2007, 81% of families owned their own home and 21% had a second one) and professional. "That was the major social change of the transition," says Cristina Bermejo, director of youth...
Thwarted ambition is not the only problem. One of the dirty little secrets of Spain's boom years was the number of people Spanish firms employed on casual contracts. In an effort to make its labor market more flexible, the country has the highest rate of temporary jobs in the...
That, in turn, fuels the profound sense of frustration and hopelessness shared by millions of young Europeans as the recession tightens. In some ways, the good years have made things worse. Lorena Domínguez, the unemployed automobile worker in Vigo, never had a permanent contract at Citroën...