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This is the third or fourth new economy since the 19th century -- each one offering a similar promise -- and yet none could stop a persistent downturn.
The institute made its recession call only after an array of economic indicators showed a "pronounced, pervasive and persistent" downturn consistent with a recession, he says.
Despite the persistent downturn in its key markets, Ericson has thrived, thanks in great part to the 20,000 potential customers who surf the catalog every month.
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That could play badly in swing states, particularly in the midst of a persistent economic downturn.
Despite a persistent economic downturn with no clear end in sight, luxury hotels are cropping up on islands big and small.
The rising burden of disease and weak health systems are being compounded by the persistent economic downturn, re-emerging diseases, and violent conflicts.
Pension officials who have been shaken by market downturns and persistent deficits are attracted by hedge funds' promise of richer, or more consistent, returns.
Also like Japan, we face a problem not of sharp downturn but of persistent underperformance -- an economy that grows, but too slowly to prevent rising unemployment and falling capacity utilization.
Despite worries of a possible double-dip recession, so far companies are not pulling back from their television ad spending plans, demonstrating the resiliency of the medium even when faced with a downturn and the persistent threat of the Internet to steal viewers.
It is a chance for the electorate to express more clearly whether it really wants a fundamentally smaller and less activist government or is just temporarily frustrated that government has not done a better job of cushioning it from an especially sharp, persistent and unequally distributed economic downturn.
Years of persistent droughts and the recent downturn of the Zimbabwean economy have adversely affected food availability in many homes in Zimbabwe.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com