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Unless the trade deficit shrinks, the combination of the trade deficit and the interest and dividend payments to foreigners will grow ever more rapidly.
The good news is that a competitive dollar in the global market and a strong dollar at home are compatible in both the long run and during the transition to a more competitive dollar.
The more competitive value of the dollar turned around the trade deficit.
In short, both experience and economic theory imply that the US could now t to a more competitive dollar without experiencing either increased inflation or decreased economic growth.
But because we in the United States finance our current account deficit by borrowing in our own currency, we can move to a more competitive dollar without the adverse effects that followed currency declines in other countries.
After all, an overvalued dollar gives us the ability to buy foreign goods at lower prices. And the existing volume of exports brings more yen and euros than they would if the dollar were more competitive.
But the primary reason for wanting the dollar to become more competitive in the near future is that we may need an increase in exports this year and in 2007 to sustain the economy's current pace of expansion.
Even if the dollar does decline during the coming months, the delays in the response of exports and imports to the more competitive dollar will mean that the increase in aggregate demand from this source may not happen for a year or more.
If the Federal Reserve pursues a strong dollar at home while the dollar becomes more competitive in global markets, we can achieve both price stability and a more balanced path of economic growth.
Inflation is lower and more stable and the real business cycle fluctuations are more modest.
Snohetta promotes a more democratic workplace atmosphere than most other architectural offices. This may merely reflect prevalent employment practices in Scandinavia, but Snohetta places a stronger emphasis on group participation in the design process than typical high-style firms.
Winning the Pritzker assures a flood of work in one's seventies and eighties, jobs necessarily carried out by assistants as the demands of modern-day cultural stardom and the inevitable waning of physical capacities prevent many architects from attaining the transcendent final phase more easily achieved by artists in other mediums.
The form a city assumes as it evolves over time owes more to large-scale works of civil engineering - what we now call infrastructure - than almost any other factor save topography.
By 1970, the first stirrings of the revolt against Modernist orthodoxy in architecture had been felt, although it would be several years more until Postmodernism was widely accepted and made classical motifs permissible in high-style building design for the first time in decades.
Renzo Piano and Richard Rogers's Centre Georges Pompidou of 1971-1977 - the true prototype of the modern museum as popular architectural spectacle - wound up costing so much more than planned that the French government solved the shortfall by cutting support for several regional museums.
The role of the architect as artist is an ancient one, but it was de-emphasized with the rise of modernism, which rejected the drawing-based Beaux-Arts tradition in favor of a more technocratic approach.
We take from the art of the past what we need. The variable posthumous reputations of even the greatest artists and the unpredictable revivals of interest in even the most obscure ones tend to reveal more about those who make revisionist assessments than about those who are being reassessed.
American science is much more organized, much more hierarchical than British science has been.
I think British science is becoming more like American science - and then there is everybody else, I'm afraid.
There's this idea that Hollywood sells over and over again: 'If I just looked more like this, I'd be accepted.'
The literary interview won't tell you what a writer is like. Far more compellingly to some, it will tell you what a writer is like to interview.
If you listen carefully to Rick Santorum, he sounds more like Stalin than Pope Innocent III.
My successor may need to be more modern than I am. It's a question of generations.
Scientific inquiry starts with observation. The more one can see, the more one can investigate.
I've always been a person that thinks nonfiction is more interesting than fiction, I love to read presidential biographies.
People choose their modes of information in much more tunneled ways. I think cable news contributes for sure. I think President Trump contributes.
The private sector is the innovation engine of our economy, and more private-sector businesses and organizations than ever are recognizing that training, promoting, and retaining women is essential to their continued competitiveness - and their bottom line.
Courses in the humanities, in particular, often seem impractical, but they are vital, because they stretch your imagination and challenge your mind to become more responsive, more critical, bigger.
The U.S. has always understood itself to be united around political principles and not around culture, whereas the nations of Europe have a much more traditional conception of nationhood that is connected to romanticism, which thinks of religion and culture as ingredients of nationhood.
We see unreasoning fear driving a certain amount of public policy, perhaps more in Europe than in the U.S.
There were several men who had blazed the trail for talking about emotions in philosophy; otherwise my work would have had even more opposition than it did.
The '80s to me, more than anything else, represents a time of real criminal activity in the office of the president: an incredibly disparate economy in terms of the class distinctions and whatnot, and a tremendous shallowness - a lot of sort of bank robbery by executives.
If I'm enjoying myself, I find my opportunities for more fun become greater.
Demand no more out of your partner than what you are willing to give yourself.
Going on with life, it only gets more and more intense as time goes by - and the challenges only multiply.
My intention is to get more involved in social projects so I can give people a message of hope.
The average adult laughs 15 times a day; the average child, more than 400 times.
Gradually I came to realize that people will more readily swallow lies than truth, as if the taste of lies was homey, appetizing: a habit.
I do read P.D. James because she pays much more attention to character, to a particular atmosphere or setting. But most mystery writers, I think, are controlled by the plot.
Writing a mystery is more difficult than other kinds of books because a mystery has a certain framework that must be superimposed over the story.
One of my mom's favorite movies growing up was 'Big' with Tom Hanks. I thought, 'Oh, OK, what if we do something like that but not like that. Something more modern, with a different perspective, and maybe with an all-black cast.'
As far as the political landscape in our state, I think that what we continue to see is that Tennessean voters are more independent and more conservative, and they are watching issues very closely; they are watching votes very closely.
My hope is that we're going to be more strategic and focused as we look for a way to address the long-term deficit and debt issues that are affecting this nation.
Every new rule, mandate, and regulatory edict is one more obstacle that small business owners, entrepreneurs, and job creators have to swallow.
We know that working with small businesses to create jobs will do more to help our economy than anything the Obama Administration has tried to do.
My understanding of environmentalism, of the things that radicalize people, of the ethics and effectiveness of different kinds of social protest have definitely become more nuanced and more informed, but they aren't much clearer.
I've often thought even ragtag gatherings of documentary filmmakers are more fun than gatherings of fiction filmmakers.
The further I've gotten into the Internet, the more I've become convinced that we've explored only a tiny corner of what it can mean and what we can feel there.
The caste system may be more highly developed in countries like India or England, but every tier of society in almost every culture tries to dominate a group it perceives as beneath it.
People assume I sell a lot more records than I actually do. I really don't sell any.
There's different reasons to be proud of different projects, so I'm more proud of certain videos because of what we were able to accomplish within them.
What annoyances are more painful than those of which we cannot complain?
The love of their country is with them only a mode of flattering its master; as soon as they think that master can no longer hear, they speak of everything with a frankness which is the more startling because those who listen to it become responsible.
The more I see, hear, and think in Europe, the more I wish for every measure that can ensure to the United States dignity, power, and public confidence.
The more defects a man may have, the older he is, the less lovable, the more resounding his success.
An agent saw one of the plays I did at ACT, but my mom was like, No, she's too young. I became so annoying that a year and a half later she just couldn't stand hearing me any more!
At the time, the only options were playing the local county fair. Now with American Idol and younger recording artists that have come out, there is more of an opportunity.
As an athlete, confidence makes me more competitive and helps me perform better.
The average man is more interested in a woman who is interested in him than he is in a woman with beautiful legs.
The weak are more likely to make the strong weak than the strong are likely to make the weak strong.
I'm worth more dead than alive. Don't cry for me after I'm gone; cry for me now.
Every dollar spent on nuclear is one less dollar spent on clean renewable energy and one more dollar spent on making the world a comparatively dirtier and a more dangerous place, because nuclear power and nuclear weapons go hand in hand.
Housing was ground zero for the Great Recession. Between early 2006 and Obama's inauguration in 2009, average house prices fell by a third across the country. In certain areas, including cities as diverse as Akron, Orlando and Las Vegas, house prices fell by more than half.
It is time to move on. House prices won't rise and the economy won't fully engage until more distressed properties are resolved and put back into ordinary use.
The biggest culprits in the housing fiasco came from the private sector, and more specifically from a mortgage industry that was out of control.
The thing that we are trying to do at facebook, is just help people connect and communicate more efficiently.
People have really gotten comfortable not only sharing more information and different kinds, but more openly and with more people - and that social norm is just something that has evolved over time.
By giving people the power to share, we're making the world more transparent.
A squirrel dying in front of your house may be more relevant to your interests right now than people dying in Africa.
We're normal people. Don't be scared because we are in a chair. People don't understand that. They think, 'Oh, a wheelchair, something's wrong with their heads, something's just not right.' Well yeah, we may be a little twisted, but no more than anyone else.
There really isn't anything more refreshing then iced Coke out of the old-school glass bottles.
The songs, if I write alone in a room, end up being a little more quiet, a little more subdued. If I play with other musicians or percussive instruments, it might end up being a little more upbeat.
I have a big responsibility as a father. That helps me to be more sensible.
The difference between Germany and Italy? I think in Serie A there is more quality and the game is quicker, but in Germany it's similar.
I'm worried about the future of computer operating systems, as they all seem to be sliding towards a more controlled experience, taking away much of what makes PC games so much fun.
A lot of people tend to chew up the scenery. I'm a firm believer in less is more, especially on the big screen.
As far as I'm concerned, there's no job more important on the planet than being a mom.
I'm the father of two boys and two girls, so I'm more an emotional wreck than a mushball.
What's interesting is that younger characters just have a more vibrant, exciting point of view on the world. They are more emotional, they are more dramatic, and they are just electric.
When I was a kid, what captivated me about detective fiction were the puzzles more than the detectives or their enemies. And as I've gotten older, I see a lot of merit in setting your investigative sights higher than figuring out how someone stole Encyclopedia Brown's bicycle.
What I've found over the years working on various projects is, you can have a clever book or clever tagline, but there has to be a story to go along with it that leads to something bigger. Something with a little more texture to it.
Banks and credit agencies learn continuously about the purchases we make. This is convenient and diminishes the risk of theft. It also means that banks can know more about our lifestyle than our close relatives.
Sharing data allows us to research, communicate, consume media, buy and sell, play games, and more. In return, businesses develop products, scientists undertake research, and governments use data to enable voting, inform policies, collect tax, and provide better public services.
It is a fiction to imagine that the haphazard paper chits of old are more private than the modern digital alternative. Paper records have always presented a security risk.
If I give dollars to some charity, nobody cares. I mean, it helps the charity, but nobody cares. But if the Dodgers do the same thing, they bring more focus to issues, and that makes it better.
Virginia 's tax system needs to be fixed. The time to act is now. Do not send me any more studies. Do not send me another piecemeal approach that confuses tinkering with real reform.
My first inkling that I might have a yen for directing came when I realized I enjoyed creating plays for my various sports teams more than I actually liked playing the game.
When I'm driving I should make more of an effort with my iPod, but I'm too lazy to organise a playlist.
And Robert Lowell, of course - in his poems, we're not located in his actual life. We're located more in the externals, in the journalistic facts of his life.
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