For a developing country, average long-run growth of 5 percent a year per capita is excellent, and 7 percent is stellar. Alex Berenson Read Quote
In the short run, using militias might be the quickest and easiest way to improve order on Iraq’s streets and uproot the terrorists and guerrillas who routinely attack American troops and civilian targets. Alex Berenson Read Quote
Mr. Hussein began building Ghazalia in the early 1980s as a home for army officers and other members of his Baath Party. Concrete mansions with pillars and domes are common in the southern half of the district. Alex Berenson Read Quote
In Ghazalia, Mr. Hussein showed his contempt for the majority Shiites in ways large and small. He refused to allow them even one mosque, while the Sunnis had nearly a dozen. To worship, the Shiites had to cross an inconveniently located bridge over the sewage canal to Shula. Alex Berenson Read Quote
Wal-Mart does not do big mergers, though it will buy much smaller competitors in so-called ‘tuck-in acquisitions.’ Alex Berenson Read Quote
In general, great companies prefer to grow ‘organically,’ as Wall Street likes to say. That is, from the inside out, by finding new markets or by taking market share from their competitors. Alex Berenson Read Quote
Companies buy customers when they cannot win new business on their own. They merge when their executives do not have a better idea of what to do. Alex Berenson Read Quote
Economics pretends to be a science. Its practitioners fill blackboards with equations and clog computers with data. But it is really a faith, or more accurately a set of overlapping and squabbling faiths, each with its own doctrines. Alex Berenson Read Quote
Microeconomics is the study of how specific choices made by businesses, consumers and governments affect the markets for different goods and services. For example, a microeconomist might examine how price changes affect sales of apples relative to oranges. Alex Berenson Read Quote
The difference between microeconomics and macroeconomics is a bit like the difference between biology and medicine. Knowing that certain genes increase the risk of cancer is relatively easy. Figuring out exactly which people will get sick, or how to cure them, is a lot more complicated. Alex Berenson Read Quote
