Tuesday, January 6, 2009

New York TImes and Of Mice and Men

1. What is the main idea of this NYT article? What is its connection to OMAM?
The article is talking about how the economy isn't good. In OMAM it's going through the great depression.

2. According to the article, "Some Forecasters See a Fast Economic Recovery," what 'psychological factor' is mentioned as providing the U.S. society with a false sense of comfort?
Robert Shiller hopes the psychological factor will come in. He said "If we have a massive infrastructure spending and people feel that it is working, it could create a sense that we are O.K. and people will go back to normal."


3. Is there a similar psychological phenomenon that plays out in OMAM? [Hint: Where do the migrant workers' earnings go? Find support for your answers on pages 76-78 of the text.]
The workers are putting their money where it should go for the economy to get better for them and thats what the article says we should do.

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