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...afford a burial. Other remains were loaded by bulldozer into dump trucks and hauled away to mass burials in the cursed swamplands outside the city. Everywhere were funeral pyres, fueled by wood crates or old tires, set alight by people who had given up hope that the government would come to clear the corpses. Passersby, hit by the heat and stench, broke into a run; some images just burn too deep...
...think organic food will come down in price. But we need to pay people a living wage so they can afford to buy real food. In the 1970s, the rise of fast food paralleled the collapse of family wages. In a way, cheap food has subsidized that collapse. We have to rebuild those...
...Side doesn't have as much on the line as Extraordinary Measures: life or death for the two ailing, adorable kids in the movie and for the thousands like them who will die before they're 10 if a treatment isn't found quick. Does the phrase emotional blackmail come to mind? In theory, an inspirational story about a child facing death by disease is no more or less manipulative than a thriller plot about a man who turns to revenge because his wife and kids were murdered. What matters is the tone: Does it pander to the situation...
...October, the Commerce Department announced - to rejoicing in the media, on Wall Street and in the White House - that the economy had grown at a 3.5% annual pace in the third quarter. By late December, GDP had been revised downward to a less impressive 2.2%, and revisions to come could ratchet it down even more (or revise it back up). The first fourth-quarter GDP estimate comes out Jan. 29. Some are saying it could top 5%. If it does, should we really believe...
Most of us aren't professional forecasters. What should we make of the cacophony of monthly and weekly data? The obvious advice is to focus on trends and ignore the noise. But the most important economic moments come when trends reverse - when what appears to be noise is really a sign that the world has changed. Which is why, in these uncertain times, we jump whenever a new economic number comes out. Even one that will be revised in a month...