John Kenneth Galbraith, one of the most famous practitioners of the high-minded guessing game known as economics, once noted that in the dismal science, “the majority is always wrong.” How else to explain the fact that so many economists upgraded their growth forecasts for the American economy at the end of last year, often to well above 3%, when the numbers so far this year have come in below 2%? The plunge is due to many things, from higher food and oil prices to supply-chain disruptions in the wake of the Japanese nuclear disaster to a terrible housing market.
Get ready for a closeup: your next job interview might be on webcam.
The International Monetary Fund’s executive board has approved the sale of up to one-eighth of its gold holdings — about 403.3 metric tons — with proceeds going toward a new income model and financing for low-income nations.
There were tears, fears and lots of shouting Wednesday when Democratic Sen. Ben Cardin of Maryland held a town hall meeting on health care at Hagerstown Community College in his home state
A ruling by a panel of Aruban judges on Wednesday could mean trouble for the prosecution in the case of an American teenager’s disappearance in Aruba.