Word: embeddedness
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On inflation: the price-level during the past 30 years has become less and less firmly anchored in the real economy; increasingly, the economy behaves as if it were indexed. What that means is that wage rates tend to chase prices, and, in turn, push up labor costs, which in...
It has been followed by wars, revolutions, holocausts and terrors of all description, but World War I is the original horror of the 20th century, from which most of the others have sprung. Though the armistice was signed 61 years ago this week, the memory of what used to be...
Everyone knows McGee's address, if not his destination. He is usually to be found at Slip F18, Bahia Mar, Fort Lauderdale, aboard The Busted Flush, the old tub he won in a poker game with "four pink ones up and a stranger down." Trav is calls himself a...
When embedded in McGeeish boredom in Burma he wrote his first short story. After a few disastrous jobs in the Manhattan jungle, the apprentice author be came a penny-a-liner for the pulps; since then he has banged out 70 novels and some 600 short stories. He calls his...
Nearly 15 years ago, a vanilla tornado named Tom Wolfe whirled out of Esquire and the New York Herald Tribune's Sunday magazine supplement to announce the coming of the pop-rock culture. Readers accustomed to spending their weekends with articles like "Brazil: Colossus of the South" were suddenly...