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...recovery, credit lines have been cut, and consumers can no longer use their houses as ATMs," he says. Nevertheless, Canally says, consumers are benefiting from last year's rebound in the stock market and higher consumer savings rate, which makes them stronger financially. "Consumers are feeling a lot better today than they did 12 months ago," he says. (See pictures of retailers that have gone out of business...
...fact, the continued existence of skinny jeans in the closet of the American male consumer is one of the biggest issues plaguing society today. Unfortunately, the anthropologists have yet to come up with an explanation for this phenomenon, and there is currently no “Social Analysis” core offering devoted to the subject (although you never know with “GenEd”). Regardless, the question still remains: why are these god-forsaken leggings so popular among members of the male gender, even among the bigger specimens...
Professor Joshua D. Greene '97 of Psychology 15: "Social Psychology" employed the gross-out factor to keep students on the edge of their seats today. Apparently, he called three students to the stage and proceeded to give the first one a big hunk of fudge, which was quickly devoured. He then gave the second girl a piece of the same fudge, but shaped like poop. He made sure to point out this fact, but she ate it after a brief moment of hesitation. The third girl was told to spit in a cup and then...
Chemistry 17: "Principles of Organic Chemistry" was somewhat livened up today by a runaway green balloon floating aimlessly around Science Center B. Maybe it had been used in a demonstration about electrons or something earlier in the day—or maybe it was just funny...
...rest of the answer is that Bernanke believes a Fed chairman needs to act like he's worried about inflation - and actually worry about inflation - even when he doesn't think it's around the corner. Inflation fears may not be justified by data today, but they can be self-fulfilling tomorrow, and the hawks who harbor them are quite influential on Wall Street. If markets and Chinese bondholders start to lose confidence in the value of the U.S. dollar, that could trigger another panic, regardless of the rationality of their fears. A little inflation might be a good thing...