Word: reductionism
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Many stop short of speculating that Lewis’ departure reflects a rise of anti-athletic sentiment in the University administration. But many also agree that athletes are losing one of their biggest supporters at the moment when administrators in the College and around the Ivy League are considering potentially...
One silver lining in the current economic slump is that it has forced some firms to cut back on telemarketing, just as they have on advertising. Jack Keenan, CEO of Tele Resources in Duluth, Minn., has seen a 40% drop in clients' call-volume requests and has had to cut...
But the new estimates presume technological growth and come after three more decades of oil exploration. We now know there is little left, and any improvement in mining technology is going to be swamped by demand from the rest of the world. It is all too likely that an economy...
So getting Iraq back on its feet financially will necessitate the largest debt rescheduling in history. The U.S. is already trying to persuade France, Russia and Germany, along with moderate Arab states, which hold most of Iraq's debt, to ease the country's titanic foreign financial obligations. Hard-line...
It's clear that current oil revenues will not even keep the interest payments current. Before Iraq can begin to rebuild its economy it will have to either get massive amounts of debt forgiveness or repudiate these debts. At present, the capital markets are pricing Iraqi debt to reflect an...