Word: shocks
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...things the website does do is shatter assumptions that the five Nobel panelists who made the decision must all be white-haired Norwegian gentlemen so cut off from reality they could have never anticipated the shock their selection would cause. First off, four of the committee members are women, with chairman Thorbjørn Jagland, the only male in the bunch. Like Jagland - a former premier and foreign minister of Norway - most members have had held cabinet posts or have otherwise been involved in politics; their ages range from 58 to 68. But it's hard to draw any theories...
Last Thursday, at approximately 12:58 P.M., students could be seen casually kicking back in the citrus-colored common spaces chairs on the green in front of the John Harvard statue. At 1:03, to the shock of the tourists amongst them and unsuspecting students rushing to class, the sound of dance music shook the yard. For the next 15 minutes, the yard was awhirl with color and flailing limbs as students broke it down and then walked away like nothing had happened...
...discovered that three Labour Members of Parliament under Wilson were considered Soviet agents. Did that come as a shock to you? It did come as a bit of a surprise. What surprised me most, however, was the degree to which getting too excited by the threat of communist subversion was not usually done by MI5 but rather by government. Labour leadership sent MI5 a list of names of 16 Labour MPs who they thought were more communist than Labour. MI5 refused to get involved because it saw this as party politics. However, the man at the top of that list...
...long run, roughly three things help the economy improve. First of all, those not laid off - the majority - start consuming again. Second, a new cohort comes into the labor market and is likely to benefit from the recovery, so it's spending more. Third, those who experienced a negative shock, either from a layoff or from graduating in a recession, begin to spend again as well; however, they're likely to save less...
...that while the risk abates over time, a job loss can shave 1 to 1½ years off their life expectancy. Are these studies in conflict? No. For these people [in our group], being laid off in a recession was important because they experienced a big and long-lasting shock to their lives, including large and lasting earnings losses. Accordingly, they have a large initial increase in mortality that settles down at a permanently higher level. That isn't in conflict with the other finding. Even though middle-aged men with good, stable jobs are an important part...