Word: fixedness
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Commentators in Europe point out that the dollar's continued slide against most international currencies has largely been fueled by domestic American factors - notably the credit tension and business failures in the wake of the subprime crisis, and wider signs that the U.S. has or is entering into recession. But...
Such times complicate the standard central-bank playbook - which includes the seminal Taylor Rule. Proposed by Stanford economics professor John Taylor in the early 1990s, the Taylor Rule provides a formula for raising and lowering policy rates based on two variables: whether inflation is above or below the central bank...
Samantha Power, a professor at the Kennedy School and human rights advocate, has resigned as a top foreign policy advisor to Barack Obama after calling Hillary Clinton a “monster” in an interview with a British newspaper on Friday. Power’s statement, which she...
Before he was dubbed the "Stradivarius of car-building," Boyd Coddington, the guru familiar to fans from his cable reality show American Hot Rod, fixed cars at Disneyland. Then wealthy clients began to notice his hobby. Coddington designed everything from scratch on his stylish, award-winning reinterpretations of early Chevys...
The city quickly regained its equilibrium. Streets reopened and subway service was restored. "New York City is back and open for business," Bloomberg said. Even tourists at the scene - holding cameras aloft and chattering on cell phones - seemed largely unruffled by the incident. "I do feel quite safe still," says...