Word: saws
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...saw what was happening for years, for decades, but we ignored it or shrugged it off, preferring to imagine that we weren't really headed over the falls. The U.S. auto industry has been in deep trouble for more than a quarter-century. The median household income has been steadily declining this century ... but, but, but our houses and our 401(k)s were ballooning in value, right? Even smart, proudly rational people engaged in magical thinking, acting as if the new power of the Internet and its New Economy would miraculously make everything copacetic again. We all clapped...
...stopped a program that allowed Mexican trucks on American roads, and Mexico has retaliated with tariff increases. Said World Bank president Robert Zoellick: "Leaders must not heed the siren song of protectionist fixes. Economic isolationism can lead to a negative spiral of events such as those we saw in the 1930s, which made a bad situation much, much worse...
...computer in a small windowless room and took working-memory tests. For one test, I had to recite aloud a series of numbers that appeared on the screen. I was asked not only to remember the numbers but also to restate them in proper numerical order. So if I saw 4, then 3, then 1, then 8, I had to say, "One, three, four, eight." Each series of numbers also included a random letter, which I had to state at the end: "One, three, four, eight...
Books have been written about how 27 years in jail prepared Nelson Mandela for reconciliation and not revenge. Prison bestowed a similar pragmatism on Manuel. "He used to fight the prison authorities about everything on principle," says biographer Green. "But when he saw some of his fellow inmates were basically children, he realized he had to negotiate with the officials to try to help these boys. It taught him mature leadership. He had his objective, achieving it was what mattered and that meant being practical." Unlike many of his contemporaries, Manuel made an easy transition from revolutionary to democrat. Released...
What about protectionism? We've seen it in the past. We saw it in the 1930s. When I spoke to the U.S. Congress [on March 4], I said that protectionism in the end protects no one, because if trade falls, then more businesses collapse and more jobs go. You know, I come from the town where Adam Smith was born. Trade is the engine of so much of the growth we've had in the last few years. I believe protectionism is the road to ruin...