Word: accountant
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...would curb consumption and start saving more, while the Chinese - who have been buying hundreds of billions of U.S. securities, especially U.S. Treasury bonds - would save less and do more to boost their domestic demand. That would go a long way toward reducing the U.S.'s $800 billion current-account deficit without harming world economic growth. Frenkel called this sort of cooperation "the tango principle." The trouble is that the Chinese seem to be making most of the moves on their own. "Systemic issues for the world require systemic attention by the world," Frenkel said. "If you can dance...
...King championed various reforms, such as allowing in foreign tourists, television and the Internet, while limiting their impact in order to preserve the country's values and traditions. Mindful of some pernicious side effects of economic growth, he introduced the idea of "Gross National Happiness"?taking account of such intangibles as cultural integrity and spiritual well-being?as an alternative to Gross National Product. Mark Mancall, a history professor at Stanford University and a regular visitor to Bhutan, says the King's initiatives are "an important social and political experiment in today's world...
...Davos prepares for elite gathering," by CNN "'U.S. budget and current account deficits are very important contributors to an unbalanced global economy, while the U.S. deficit has been a source of demand that has propelled the global economy forward for some years now,' said Lawrence Summers, President of Harvard University and co-chairman of the 2006 forum meeting...
...fundamental goal of Medicare Part D is hard to argue with. Medicare has no drug benefit; Part D provides one. When Medicare was established in 1965 as a Great Society health-care program for seniors, prescription drugs were a minor planet in the universe of medical treatment. They now account for 11% of every health-care dollar spent. But more than a quarter of the 42 million people on Medicare had no drug coverage at all last year...
...main problem is that uncertainty is scary, and leaving college and going out on your own is scary, too,” she wrote. “It would be nice, upon graduation, to have somebody to go with you, find a crappy apartment with you, open a bank account with you, and spend Saturday night in a strange city with...