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...entirely off base in thinking that pent-up demand is building, because it is. "Assuming general economic recovery, in the developed markets we will see maybe 95% of what it had been," says John Paul MacDuffie, an associate professor of management and co-director of the International Motor Vehicle Program at the Wharton School of the University of Pennsylvania. U.S. auto and light-truck sales topped 16 million for eight years and reached nearly 17 million in 2004 and 2005. Those numbers have slumped dramatically, but the current downturn is cyclical, says MacDuffie; there's no evidence of permanent decline...
...original version of this story failed to note that John Paul MacDuffie is co-director of the International Motor Vehicle Program at the Wharton School of the University of Pennsylvania...
Debate is playing out within Western Muslim communities, too. "The immigrant Muslims often want [a minaret], because for them it symbolizes a mosque," says Omar Khalidi, an archivist at the Aga Khan Program for Islamic Architecture at the Massachusetts Institute of Technology. "But they cost a lot, and there are others who argue that [economically,] they're a luxury Muslims can't afford...
...working hours and lower pay in exchange for tacit job guarantees is suddenly a no-brainer - not just in Britain, but also in Taiwan, Iceland and a swathe of other countries in Europe and Asia. Other schemes being tried include temporary work suspensions at factories, and even work-sharing programs. Two countries stand out as having the most developed and systematic approach: Japan and Germany, which both provide government subsidies to companies who keep on workers even though there's little or no work for them to do. Both have recently extended their schemes. In Germany, the government now subsidizes...
...coincidence that Obama's budget proposes an ambitious program of automatic-enrollment pensions for workplaces that don't offer 401(k)s or that his stimulus package has billions of dollars for smart meters. Behavioral science - especially the burgeoning field of behavioral economics that has been popularized by Freakonomics, The Wisdom of Crowds, Predictably Irrational, Nudge and Animal Spirits, which is the new must-read in Obamaworld - is already shaping dozens of Administration policies. "It really applies to all the big areas where we need change," says Obama budget director Peter Orszag. (See the top 10 nonfiction books...