Award shows, like the Grammys, were tough on us early in hip-hop, not even televising our categories or splitting them up on best male or female or any of that. We had to earn them.
Domestic inflation reflects domestic monetary policy.
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.
Increased government spending can provide a temporary stimulus to demand and output but in the longer run higher levels of government spending crowd out private investment or require higher taxes that weaken growth by reducing incentives to save, invest, innovate, and work.
Unless the trade deficit shrinks, the combination of the trade deficit and the interest and dividend payments to foreigners will grow ever more rapidly.
But then in April of 1985 the dollar began a sharp decline. The dollar's trade weighted value fell 23 percent in just 12 months and by a total of 37 percent by the beginning of 1988.
A second reason why science cannot replace judgement is the behavior of financial markets.
The official independence celebration was going to be held over four or five days, and a group of journalists from all over the world was allowed to fly in, because Angola was closed otherwise.
The way to develop self-confidence is to do the thing you fear and get a record of successful experiences behind you.
I'm never really nervous because I've done the maximum; now it's up to the audience to do its job.
I read "The Group" by Mary McCarthy. It had tons of sex in it, or so I thought at the time.