In 1980, the U.S. economy was in the middle of a severe downturn, and jobs weren’t easy to find. So Lou Crandall , after earning a bachelor’s degree with a focus on economics from Cornell University, scattered resumes far and wide. One went to an employment agency looking for bilingual workers. Crandall had spent five years of his boyhood in Italy, where his father taught in an American school, and was fluent in Italian, Bloomberg Markets magazine reports in its January issue.
The government’s plan to give American consumers cash to purchase new vehicles will give the economy a lift in the second half of 2009, said Dean Maki, chief U.S. economist at Barclays Capital Inc. in New York.