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...Yang, many Chinese have been moved out of formerly state-owned housing units in urban areas as part of redevelopment projects. The compensation payments, supplemented by some savings, are usually enough to buy decent apartments out of town. Economist Xie calls these resettlement payments "probably the most important government action supporting today's economy." And the fact is, Chinese municipalities are not even close to the end of such resettlement schemes. (See pictures of Beijing's changing skyline...
...have explored every financial scenario before taking this action, but more than 80% of our budget goes to salaries and benefits, which forces today's drastic measures," said McCoy. With annual court budget deficits expected to be as high as $140 million over the next four years, court officials say up to 1,800 staff positions may be eliminated. Last year, the California judicial council instituted a one-day per month closure of all state courts as both a cost-savings. "The unintended yet inevitable symbolism of 'Closed' signs on our courthouses - institutions that embody our nation's revered democratic...
NAFTA is another reason. The "giant sucking sound" Ross Perot warned about has worked in reverse: since NAFTA took effect in 1994, it has drawn Mexico ever more tightly to the U.S. and Canada. That's been especially true under Calderón's more conservative National Action Party (PAN), which has ruled Mexico since 2000 and whose voter base resides in the country's more U.S.-friendly north. And then, perhaps most important, Mexico for the past decade has been waging an increasingly horrific war against its drug cartels, whose narcoinsurgency has afforded the government little time and energy...
VanderMeulen got in on the action just minutes later, going unassisted for her second score of the game, closing the margin...
...that dynamic in action in Austin, cut diagonally across the street from HomeAway and pop into the headquarters of Whole Foods. For a decade, the upscale grocery chain saw sales grow at about 20% annually. Last year, sales barely budged up 1% - and the 30 stores that executives planned to open around the country were trimmed to 15. Those 15 stores added nearly 4,000 jobs - just half as many as would have been gained had people kept buying organic peppers and salted caramels at the same pace. "There's too much thinking about how to create jobs," says James...