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...level for several quarters. That is clearly not part of Mr. Bernanke's forecast. It is not in the model because it has not happened since the recession of the 1980s and employment improved fairly quickly after hitting a peak at just over 10%. That recession twenty five years ago was not as bad as this one, at least according to experts. Amateur economists might believe that a worse recession would probably cause worse unemployment...
Well, technically I am a Twitter user—I signed up about two weeks ago. Some kind soul named “harvarddhall” posts HUDS menu listings for lunch and dinner in concise posts, and I use Twitter’s mobile messaging tool to get those listings sent to my phone via text message. It’s great since I’m usually too lazy to type “huds” into my browser...
...Tamils are clearly not going to be given autonomy over their homeland. But they must be given equal political rights and at least the majority of the say in what goes on where they live. Dr. Amartya Sen has stated that the Sri Lankan government long ago forsook the “richness of plurality” and pushed Tamils to the peripheries of power. They must rediscover that richness and bring them back into the fold. Tamils must be granted the immediate ability to not only non-violently control affairs where they live, but also to have a voice...
Panamanians take justifiable pride in their operation of the Panama Canal. Since the U.S. handed the famous waterway over to Panama nine years ago, the independent Panama Canal Authority (ACP) has run it more efficiently, more safely and more profitably than the Americans did. Too bad, most Panamanians say, that their government is still best known for the kind of corruption and waste that has marred the small Central American country's reputation ever since pirates haunted the Caribbean. If they could just run the nation the way they run the canal, Panamanians believe, they could become a world-class...
Martinelli is bucking a leftward trend in Central America - a region that, despite its signing of a free-trade pact with the U.S. a few years ago, has since seen leftist Presidents take power in Nicaragua and El Salvador and more centrist governments like those in Honduras and Costa Rica join energy alliances with left-wing Venezuelan President Hugo Chávez. "I think this shows that, at least in countries where the democratic rules of the game are accepted, more right-of-center politicians like [President Alvaro] Uribe in Colombia or [President Felipe] Calderón in Mexico...