Word: zero
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Dates: during 2000-2009
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...Summers has yearned for the job. The markets like stability, and they really like Bernanke. And Obama might have done the same thing even if he did have a choice. Bernanke hasn't been flawless - he was slow to grasp the crisis and start yanking interest rates down toward zero, and market watchers will forever second-guess the decision to let Lehman go under. But overall he's been courageous and innovative and (so far) successful. And while he's fairly new to Washington, he's shown a flair for politics and p.r., doing a memorable 60 Minutes interview...
...like being the most likable character ever on NYC Prep. It's also that Chu is the kind of scientific savant the Chinese revere, a techno-geek who scored a Nobel for developing methods of cooling atoms to a few millionths of a degree above absolute zero, who shelved his quantum-physics career to try to save the planet but on weekends still tries to cure cancer with lasers. "In the U.S., rock stars and sports stars are the glamour people. In China, it's scholars," Chu told me during his trip to Beijing. "Here, Nobel laureates are the equivalent...
...which has become wildly expensive. They recall President George W. Bush talking up future technological miracles as an alternative to present-day action, and they want Chu to focus on proven technologies that can help boost efficiency and conservation to reduce energy demand now, plus on renewables to create zero-emissions supply...
...retrospect. If you’re a prospective English concentrator who is just “interested in genetics,” stifle your curiosity and steer clear. Course instructors are knowledgeable but considerably less inspiring than the LS1a professors, and there is abundant busy work that counts for zero credit. Course veterans claim that the textbook is confusing, verbose, and chock full of extraneous information, so your lecture notes will again be invaluable. Since problem sets are not graded, you’ll need to set your own study schedule and gauge your own progress...
...Heritage Foundation scholar Brian Riedl is skeptical about the benefit. "Every dollar that Congress injects into the economy must be first taxed or borrowed out of the economy," says Riedl. "The jobs we create in one county come at the cost of jobs in another county. It is a zero-sum game." Riedl believes there are times when government action is called for on humanitarian reasons. But in terms of economic growth, he says, "the only government spending that creates a net bonus for the economy is spending that results in gains for long-term productivity...