Word: accountably
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...strong recovery in the U.S. is already under way, Stephen Roach, chief economist of Morgan Stanley, had a pitcher of cold water ready, pointing out that no economy had ever been able to maintain a buoyant recovery from a recession while running such an enormous deficit on the current account, and while household and corporate balance sheets are overloaded with historically-high levels of debt. The most frightening thing, perhaps, was this: it's only the U.S. that is likely to provide real growth in the foreseeable future, as Europe's economy continues to perform with a sort of muddling...
...journalist, lured by the promise of an exclusive interview, is taken hostage by a militant group calling itself The National Movement for the Restoration of Pakistani Sovereignty. The group, using the free email account kidnapperguy@hotmail.com, claims the reporter is a CIA agent - no, wait, a Mossad agent - and gives the U.S. 24 hours - no, make that 48 hours - to meet its demands, which range from freeing all Pakistani terror detainees to releasing a halted U.S. shipment of F-16 fighter jets to the Pakistani government...
However, House Speaker Thomas M. Finneran (D-Mattapan) has abused his power by blocking any attempt to implement the law. Finneran has prevented funding proposals for Clean Elections from seeing the light of day while the $23 million already in the Clean Elections account goes unspent. While we recognize that the state budget is spread thin during this recession, this does not mean that voters’ funding priorities, as expressed in the referendum that approved this law, are any less valid than those of the members of the legislature...
Both of these examples illustrate how, thanks to the price system, prospective employers and employees can unknowingly take into account information about scarcities and preferences they could not possibly know any other way. Without honest market determination of wages, this information would simply be lost. Workers would unwittingly accept jobs they were overqualified to hold and companies would unwittingly hire individuals who, under a free market, would know their services are more highly valued elsewhere. The poor, of course, would be the greatest losers of all. Without the right to accept lower wages, they would be deprived of their only...
...much as today's victims receive. Anyone bumped from flights of 2,190 miles or more will be entitled to a whopping $1,340. Arguing that the practice helps control costs and allows more flexibility in their reservations systems, many airlines purposely sell more seats than are available to account for passengers who simply don't turn up. The Commission estimates that some 250,000 passengers were left to while away the hours at European airports in 1999 because their flights had been intentionally overbooked. Predictably, industry officials are livid. They contend the Commission had agreed to forgo such damages...