Word: terme
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Dates: during 2000-2009
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...activity spread across the economy." It's certainly better for economic activity to be increasing rather than decreasing, but the focus on whether the economy is in recession or not can miss a lot. "I don't care about what the dating committee says. I'm concerned about longer-term issues," says Yale economist Robert Shiller. "We are in for an extended period of subnormal economic growth." Mohamed El-Erian, chief executive officer of bond-investing giant Pimco, has popularized a catchier if less informative phrase for what we're in for: "the new normal...
...most important - if least sexy sounding - of which will be its laser altimeter. The altimeter will bounce laser beams off the lunar surface and, by measuring the speed at which they reflect back up, calculate the moon's topography to within inches. That's critical since long-term lunar stays require finding not only hospitable places to land, but also hospitable places to establish a home. (See the space moon race...
...formed in the late 1960s and taken public, Starr was given hundreds of millions of shares of the new company. Controlled by AIG executives, Starr was given the shares as a defense against hostile takeovers of the insurance giant. Five years later, Starr set up the disputed long-term compensation plan that for many years rewarded AIG executives from Starr's trove of company stock when the insurer's profits increased...
Though Frans A. Spaepen will wrap up his term as interim dean of the School of Engineering and Applied Sciences on July 1, he isn't finished with temporary positions just yet. The applied physics professor will serve as interim director of the Center for Nanoscale Systems, where his most visible responsibility will be the far-from-nano task of reducing the center's $6.1 million budget by as much as 20 percent while seeking to maintain the quality of its research opportunities. Colleagues praised Spaepen both for his administrative experience and his background as a material scientist...
...June 16. "I've been talking with the Chinese since the late [1970s] about North Korea," former U.S. negotiator Evans Revere, now president of the Korea Society, told a Senate panel last week. Beijing's attitude is shifting. "I've had a couple of Chinese officials actually use the term 'security liability' in their descriptions of North Korea today," Revere said. (See pictures of the tense border between North and South Korea...