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...Government officials say the stimulus money will be earmarked for investment in long-term infrastructure projects that will help revive the construction industry, for aid to companies to reduce layoffs and for education. Data on German industrial orders indicate there will be no respite soon. Figures out Thursday showed orders fell a huge 6% in November from the month before, and orders in the final quarter of 2008 were down 43.6% from the same quarter a year ago. (See pictures of the global financial crisis...
...company commander. He learned his political skills as the Marine liaison to the Senate in the early 1980s. Back in the field in 1991, he led a Marine expeditionary unit into northern Iraq to rescue millions of Kurdish refugees from Saddam Hussein. Two years later, he ran the U.S. aid mission to Bosnia. Jones became the top Marine...
...legacy of an Administration with an approval rating in the 20s? As the curtain falls on the George W. Bush presidency, this slim volume unspools a highlight reel of Bush's achievements--from ousting Saddam Hussein and staving off post-9/11 terrorist attacks on U.S. soil to combatting AIDS and malaria in Africa and distributing $16 billion in food aid. Framing the text are stats-laden info boxes, a bullet-pointed list of "100 Things Americans May Not Know" about their 43rd President's record and snapshots of Bush looking presidential (hoisting a bullhorn amid ground-zero wreckage, glad...
...getting tougher in the 1970s, Europe faced similar dilemmas and took a different course. While Americans rejected new taxes and new domestic programs, Europeans elected governments that introduced higher taxation, mainly value-added taxes, to cover the rising costs of health care, education, infrastructure, poverty relief and international-development aid. Ultimately, the Europeans restrained excessive growth in the welfare state in order to maintain global competitiveness and rebalance their economies and succeeded in sustaining the public-private partnerships and welfare-state benefits...
...proposed $775 billion bill, or $310 billion, would go toward tax cuts. The problem is that $775 billion represents the cost over just two years; after that, voting to reinstate taxes - or to cut back on popular programs like health care, help for the unemployed and aid to students - may well be difficult. Paying for all these programs down the road will be complicated further if Democrats try to reimpose, as they have sworn to, pay-as-you-go - a rule that requires all new spending to be offset by new revenue or cuts elsewhere. And all this talk...