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...trade disputes. Back in the 1980s, Americans mistook Japan's edge in trade as a sign of their own economic ruin. Today, the whole idea that Japan was supposed to shove the U.S. economy into oblivion seems quite silly. What most Americans didn't understand is that U.S. economic success didn't depend on making TV sets; it was based on the technological innovation at which Americans excel. Beginning in the early 1990s, the U.S. experienced one of its most sustained economic booms ever in part due to American superiority in the information technology at the heart...
...alliance between the Democrats and the Socialists will be uneasy, but far from impossible. Under Ivica Dacic, a youngish leader who took over the party after Milosevic's death in 2004, the Socialists have discarded much of their nationalist ideology and focused on social issues, which explains their relative success in Serbia. Neglecting the country's pauperized working class, which faced massive job losses and severe cuts in social benefits during Serbia's bumpy road to capitalism, was one of key mistakes of Serbia's pro-Western politicians after Milosevic's fall. With the Socialists in the government, this...
...success of Unaccustomed Earth is an anomalous data point, but it should tell us things about ourselves. Such as: we're way more interested in Bengali immigrants than we thought we were. Lahiri is a miniaturist, a microcosmologist, and she helps us understand what those lives mean without resorting to we-are-the-world multiculturalism. Everyone in Lahiri's fiction is pulled in at least six directions at once. Parents pull characters backward in time; children pull them forward. America pulls them west; India pulls them east. The need to marry pulls them outward; the need for solitude pulls them...
Museum officials hail success on another front as well. The past year saw a sharp drop in sectarian violence across the country due to the combined effects of a major milita's cease-fire with the government, the expansion of Sunni tribal cooperation with U.S. forces, and the U.S. troop surge. Now, says one museum official, archaeologists are taking advantage of those gains. "After the events of 2003, there was no security. When stability returned to some of the provinces, we resumed excavations," said the official, who added that 11 sites were excavated in 2007 across southern Iraq, in areas...
...invests in real estate all over the world, and we invest in Cambridge since we’ve had great success in investing in Cambridge over the years,” said John P. McQuaid, an official in the real estate division of the MIT Investment Management Company. “We invest in real estate that we think will make sense to MIT economically...