Word: partly
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...lasting shock to their lives, including large and lasting earnings losses. Accordingly, they have a large initial increase in mortality that settles down at a permanently higher level. That isn't in conflict with the other finding. Even though middle-aged men with good, stable jobs are an important part of the labor market, in terms of the entire population, they're not a dominating fraction. In a recession, everyone holds back on alcohol consumption, smoking and overeating. Also, there are fewer work and car accidents, and that could dominate the aggregate healthier effect...
...slowdown on the world's assembly lines is a normal part of any recession. As demand shrinks, so must production. But now that the recession is easing, there is considerable debate among economists about whether manufacturers will be rehiring workers and restarting assembly lines anytime soon. Despite aggressive downsizing by industries like auto manufacturing over the past 18 months, there are fears that the world remains stuck with so much excess production capacity that any recovery will be anemic, plagued by deflationary pressures, high unemployment and ailing bank-loan portfolios. "Unless we deal with the excess capacity situation, we will...
...Retooling is not impossible. Germany's Volkswagen is converting part of a car-engine plant to produce "green" electrical generators. And if you buy into the great Asian growth story, then there is a chance that spending by wealthier consumers in countries like China and India can offset at least some of the decreased demand in the West. HSBC economist Frederic Neumann said in a September report that some Asian manufacturers have gained back the power to raise prices, implying that the impact of excess capacity in the region might not be as severe as some fear. "What...
...British authorities seem to be increasingly cautious when it comes to photographs of kids. Two years ago, police seized a photograph by Nan Goldin of two young girls belly dancing in the nude. The work, which six years earlier had been judged decent by the Crown Prosecution Service, was part of a set owned by Elton John and was on display in a northeastern England gallery. The CPS once again cleared the image, saying that standards of propriety had not changed significantly since its last judgment. (Read "Elton John Rock's Captain Fantastic...
...shocking breach of security, a suicide bomber posing as a paramilitary soldier blew himself up Monday inside the heavily fortified offices of the United Nations World Food Program (WFP) in a tightly controlled part of the Pakistani capital of Islamabad, killing at least five of the humanitarian agency's staff, Pakistani officials said...