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...conference in April: "We are so focused on whether recovery will be at the end of this year or the beginning of the next that we lose sight of the more important question. It's not whether the recession will be over; it's, What does the new normal look like?" (Watch TIME's video of Peter Schiff trash-talking the markets...
...question with lots of facets. What will consumer spending look like? What will government deficits look like? What will my hair look like? But some of the most crucial unknowns have to do with corporate profits. Profits are, after all, what stock prices are supposed to be based on. Stocks have skyrocketed since early March, providing the earliest and strongest signal that the recession might ebb soon. One could even argue that rising stock prices brought optimism that has since begun to show up in real economic data, although if you think too hard about such feedback loops it will...
...possibility," Ackerman says, "is that more students respond to feelings of fatigue by increasing rather than decreasing their efforts." This, however, could reveal a flaw in the study. By limiting the sample group to college freshman, the researchers did not get a look at an entire category of kids: those who took the SAT in high school, did poorly, and never went on with their education. There's no way of knowing whether achievement motivation was absent in those students or whether they redoubled their efforts too, but got low scores for other reasons...
...found that to be really astounding," says study co-author Lara McKenzie, assistant professor of pediatrics at Nationwide Children's Hospital's Center for Injury Research and Policy. "We never see increases like that, and we look at consumer products all the time...
...Josh Baran, a New York Buddhist who has facilitated the Western trips of several high lamas, suggests that Hita's defection shouldn't cause adherents to lower their prayer flags. The West, he says, "has a romantic ideal that these lamas have some kind of super-vision and can look at a child and say, he's the one." While signs and portents may play a role in monastic successions, he explains, so do more worldly considerations. Tulkus often inherit considerable wealth and influence, and powerful monks will jockey to place their own candidates. The political needs of their lineage...