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George W. Bush uttered 'the 10 most important words in the history of economics' during the 2008 financial crisis, Warren Buffett says — here's how they now apply in 2024
Hottentot (British and South African English / ˈhɒtənˌtɒt / HOT-ən-TOT) is a term that was historically used by Europeans to refer to the Khoekhoe, the indigenous nomadic pastoralists in South Africa . Hottentot head of Shark Island prisoner used for medical experimentation. Use of the term Hottentot is now considered offensive, the ...
v. t. e. " Read my lips: no new taxes " is a phrase spoken by American presidential candidate George H. W. Bush at the 1988 Republican National Convention as he accepted the nomination on August 18. Written by speechwriter Peggy Noonan, the line was the most prominent sound bite from the speech. The pledge not to tax the American people further ...
A hot dog[ 1][ 2] is a dish consisting of a grilled, steamed, or boiled sausage served in the slit of a partially sliced bun. [ 3] The term hot dog can refer to the sausage itself. The sausage used is a wiener ( Vienna sausage) or a frankfurter ( Frankfurter Würstchen, also just called frank ).
President Bush was in office from January 2001 to January 2009, a complex and challenging economic and budgetary time. In addition to two recessions (2001 and the Great Recession of 2007–2009), the U.S. faced a housing bubble and bust, two wars, and the rise of Asian competitors, mainly China, which entered the World Trade Organization (WTO ...
George Herbert Walker Bush[ a] (June 12, 1924 – November 30, 2018) was an American politician, diplomat, and businessman who served as the 41st president of the United States from 1989 to 1993. A member of the Republican Party, he also served as the 43rd vice president from 1981 to 1989 under Ronald Reagan and previously in various other ...
An economic theory that defines wealth by the amount of precious metals owned. [56] business cycle. Also called the economic cycle or trade cycle. The downward and upward movement of gross domestic product (GDP) around its long-term growth trend. [57] The length of a business cycle is the period of time containing a single boom and contraction ...
A good's price elasticity of demand ( , PED) is a measure of how sensitive the quantity demanded is to its price. When the price rises, quantity demanded falls for almost any good ( law of demand ), but it falls more for some than for others. The price elasticity gives the percentage change in quantity demanded when there is a one percent ...