“Although economists have studied the sensitivity of import and export ...” — Martin Feldstein Quote

Although economists have studied the sensitivity of import and export volumes to changes in the exchange rate, there is still much uncertainty about just how much the dollar must change to bring about any given reduction in our trade deficit.

Unless the trade deficit shrinks, the combination of the trade deficit and the interest and dividend payments to foreigners will grow ever more rapidly.

In short, both experience and economic theory imply that the US could now t to a more competitive dollar without experiencing either increased inflation or decreased economic growth.

The price of imported oil in the US doubled between summer 2003 and summer 2005, reducing consumers' purchasing power by more than 1 per cent of gross domestic product.

Some scholars argue that although the brain might contain neural subsystems, or modules, specialized for tasks like recognizing faces and understanding language, it also contains a part that constitutes a person, a self: the chief executive of all the subsystems.

Conservatives, please. Let's not duplicate the manias of the Left as we figure out how to deal with Mr. Obama. He is not exactly the anti-Christ, although a disturbing number of people on the Right are convinced he is.

I think it's important that nobody forgets that although Hollywood commercially dominates the world cinema, in fact what comes out of the filmmaking here is only a tiny slice out of the massive amount of operation that goes on around the world.

I think in national security, the war in Iraq is troublesome and a difficult challenge, but our troops and the military leaders we have are managing that situation, although it continues to be very risky and very dangerous.