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TODAY'S recommended economics writing: India endorses Fed action (New York Times) The seen and the unseen (@Liberty) Goldman foresees "substantial pickup" (Bloomberg) Import protection as export promotion (Vox).
In an ordinary recession, employment rebounds last because firms are reluctant to make new hires until they see a substantial pickup in demand -- and this recession is far from ordinary.
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We expect a strong pickup in 2002.
While reiterating that they consider the risk small, officials said today that the chance of "an unwelcome substantial fall in inflation exceeds that of a pickup in inflation from its already low level".
Then it added the warning on inflation: "In contrast, over the same period, the probability of an unwelcome substantial fall in inflation, though minor, exceeds that of a pickup in inflation from its already low level".
One striking feature of the current string of crash deaths is that all involve sport utilities, usually Ford Explorers, even though an unknown but apparently substantial number of the bad tires were also mounted on pickup trucks.
"More than 80percentt of those who buy pickups don't use the bed for anything substantial even once.
About 25 yards from the podium was a Ford Equator, an experimental vehicle with a short pickup bed, that is essentially an even wider version of the already substantial Ford Expedition.
Nice pickup!
Another pickup?
Just a pickup".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com