…you can identify the quote without googling): We are engaged in “a severe contest between intelligence, which presses forward, and an unworthy, timid ignorance obstructing our progress.” Kash UPDATE: On…

…an estimate assuming sustained current oil prices). The oil shocks of ’73 and ’79 that preceded severe recessions are clearly visible. Also some economists have argued that the small increases…

…the United States, resulting in a disparity in incomes between rich and poor not seen since the 1920s: the most severe income inequality in the developed world today … But…

…average workers are not particularly generous by developed-country standards, and that Bush’s proposed cuts in benefits for those average workers are quite severe in both an absolute and relative sense….

…This is welcome in Japan, less so in China… but even in China this is still preferable to the alternative, which is a contraction and possible severe economic dislocation. Now…

…that if they don’t intervene there will be severe consequences… but for whatever reason they don’t have the stomach to buy dollars on such a massive scale. So they stop…

…in asset prices that would probably follow… all of which would make a recession — possibly a rather severe one — quite likely. Right now these costs are apparently greater…

…either dramatic tax increases or severe benefit cuts. The first members of the Baby Boom generation turn 60 next year, in 2006. This is not a distant problem, but something…

…Social Security returns…George Bush deserves to be applauded for having an adult conversation with the American public about the severe funding crisis in Social Security. Oh yes, the Trust Fund…

…economic conditions are unlikely to trigger a severe drop in home prices. Historically, aggregate real home prices have fallen only moderately in periods of recession and high nominal interest rates….