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“our fabled ‘texture’ of foreign / and native poverties.”
"Three years ago, it didn't make sense for Assembla to hire anyone in the U.S. because labor costs were so low in India. But now, "as costs change, we end up with a lot more Americans," Singleton says."
"Left to their own devices, financial institutions will choose high-risk, high-return lending opportunities. Partly that’s because executive compensation is tied to quarterly profits, but it’s also because investors want the highest return."
"something fundamental might be going on, that some characteristic of the opening bid itself might influence the way the brain thinks about value and shapes bidding behavior."
"A good report from a transportation company indicates the economy is doing well. The converse is also true."
"On the basis of that evidence it appears likely that at its peak the classical economy was almost as large as that of Western Europe on the eve of the Industrial Revolution."
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