Word: costly
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...market may have to go through the tragedy of a self-correction that combines agony and duration. The economy may run through a cycle in which unemployment increases until labor costs fall to a nearly unimaginable level. Businesses will begin to hire again because they will have access to skilled workers at a fraction of what those people would have cost them a year ago. If that is the solution to the labor problem, the end of the recession is a long way from here...
...state of near meltdown, yet Western nations are prioritizing their own domestic difficulties. In the name of self-preservation, European solidarity, and long-term political strength, western EU countries have no option but to aid their neighbors. As severe recessions plague even the strongest economies in Europe, however, the cost of solidarity will undeniably be expensive...
...right now. Worst part about Harvard: The blistering reality that their futures are much brighter than my own in six months. Describe yourself in 3 words: Friend to folly. In 15 minutes you are: Ordering another red-eye coffee from JP Licks. In 15 years you are: Doing a cost analysis of a gym membership versus plastic surgery...
...that score, of course, the jury is still out. Geithner and the Administration have resisted outright nationalization of the banks because of the cost, complexity and political hazards of doing so. Instead, they are trying to get the market to price the incredibly complicated mortgage-backed assets that are suffocating the economy by paying part of the cost for private investors to buy them off the banks' balance sheets. At the same time, the Federal Reserve, whose chairman, Ben Bernanke, took his own public flogging on Capitol Hill on Tuesday, is unveiling an aggressive plan to stimulate consumer, small-business...
...conditioning becomes redundant. One of my favorite places to chill: Getsemani, the tiny European-style section of the Old Town - once the poor neighborhood just across the moat but now the cool Greenwich Village-style area of the city. Getting around the Old Town is a cinch; cabs cost about 5,000 pesos ($2.50) anywhere within the walls...