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Why haven't we seen more evidence of this yet? I think the media hasn't put it together, but it actually is starting. The default rate for the past 12 months is roughly 12% - that's very high. Half of those companies that have defaulted, according to Standard & Poor...
Is there anything we could do now to prevent this wave from coming? Probably not much. One of the main points of the book is to show how private equity and leveraged buyouts don't work, and even if the credit crisis I'm predicting doesn't happen - even if...
Among the projects that FDR's spending paid for was the Current Population Survey, which has measured unemployment every month since March 1940. The process - which aside from computerization and expansion has not fundamentally changed over the years - centers on interviews with a rotating sampling of 60,000 households. Workers...
You believe that Darwin should continue to be taught in schools. But how can we teach Darwin and also teach that humans are somehow exceptional in the natural world? Wasn't his great breakthrough to show that humans, like all animals, share a common origin? I think we have to...
Some Asian Christians on campus say race-specific organizations such as the Harvard-Radcliffe Asian American Christian Fellowship engender a sense of community and solidarity.