Word: wisdoms
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...falling; the budget and trade deficits can't be sustained. But now, the stakes have been raised by the cascade of contradictory Bush blinks-sharp tax cuts, exploding Medicare benefits, the Social Security hand grenade-plus the apparent disappearance of the Republican Party's traditional fiscal restraint. "The conventional wisdom is too cheerful," joked Maya Macguineas, the group's president, surveying the prevailing gloom. But when she asked the assembled wizards why these impending disasters weren't having a more immediate impact on the markets, there was a long silence followed by hemming and hawing. The contrast to Bush...
Most important, Summers should recognize the value of Harvard’s faculty. The University would not be the most distinguished university in the world with sub-par professors. Summers must realize that ignoring, brushing off, or failing to solicit their collective wisdom is not just a poor leadership decision. It is an arrogant...
...nations are limited, or "capped" at a fixed level, and each nation assigns a number of CO2 allowances to its major carbon-emitting sectors; companies that have unused allowances (as a result, for example, of antipollution improvements) may sell their excess allowances to companies that need them. Theoretically, the wisdom of the marketplace will lower the cost of reducing harmful gases. Letting participants buy or sell emissions allowances at a price determined through supply and demand means that more costly measures need not be implemented. As a kind of test run, 21 of the 25 European Union nations have been...
...Wisdom...
...think it’s splendid that his expertise and wisdom should be so recognized,” Knowles said...