Word: terming
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Bottom line: the dollar faces a longer-term challenge, and the big players know it. Echoing a call made by Zhou Xiaochuan, its governor, in March, China's central bank advocated a new global reserve currency in its annual financial-stability report released last Friday. Raising concerns of a move away from the dollar as the world's reserve, the proposal for a "super-sovereign" coin nudged down the greenback vs. a host of major currencies. That may have been a tad more impact than Zhou was seeking: with something like two-thirds of China's roughly $2 trillion...
...Cherlin observes in a landmark new book called The Marriage-Go-Round: The State of Marriage and the Family in America Today, what is significant about contemporary American families, compared with those of other nations, is their combination of "frequent marriage, frequent divorce" and the high number of "short-term co-habiting relationships." Taken together, these forces "create a great turbulence in American family life, a family flux, a coming and going of partners on a scale seen nowhere else. There are more partners in the personal lives of Americans than in the lives of people of any other Western...
...reason for these appeals to lasting unions is simple: on every single significant outcome related to short-term well-being and long-term success, children from intact, two-parent families outperform those from single-parent households. Longevity, drug abuse, school performance and dropout rates, teen pregnancy, criminal behavior and incarceration - if you can measure it, a sociologist has; and in all cases, the kids living with both parents drastically outperform the others...
...useful information preserved in the crash. Over the next few years, he developed a prototype for a flight-memory recorder that would track basic information like altitude and direction. Encased in asbestos and metal, the data and sound recorder was nicknamed the "black box," after the general term for a seemingly magical gadget that no one knows how to work...
...what's wrong with cheap, in a nutshell? Well, in a nutshell, it comes back to bite us in the ass. It's short-term gratification and long-term pain. Now, I'm a rabid bargain hunter. Ask my kids. When I come back from the store and I have four boxes of cereal, they know that cereal is on sale. I'm what behavioral psychologists call "deal prone." And yet I noticed this wasn't really saving me any money - in fact, it was costing me money. I went and looked at the data and found that since...