Word: risk
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...combination of hard work, high risk and low pay has made the general surgery specialty nearly as unattractive to new doctors as primary-care medicine. The statistics are grim: a report in the journal Surgery places the nationwide general-surgeon shortage at 1,300 currently, and estimates that the country will be at least 6,000 surgeons short by the time you need your colon removed...
...Mankiw’s simple investment portfolio consists of about two-thirds stocks and one-third bonds, balancing what he considers the high risk of equities with more dependable fixed income...
...believes in the higher risk and returns of equities, but his stock investments are widely diversified, including international holdings, and are mostly in low-cost index funds...
...Claudia Goldin, professor of economics and director of the National Bureau of Economics Research’s Development of the American Economy program, comes from “a family of people who are not risk takers,” she said...
...already becoming a reality, as signs appear that central-bank policies are beginning to diverge. On Oct. 6, Australia became the first G-20 nation to raise interest rates, hiking its key rate by a quarter of a percentage point, to 3.25%. With "inflation close to target and the risk of serious economic contraction in Australia now having passed," Reserve Bank of Australia Governor Glenn Stevens said in a statement, the central bank decided that it was now "prudent to begin gradually lessening the stimulus provided by monetary policy." Meanwhile, in other industrialized nations still suffering from high unemployment...