Word: bankses
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The downturn has slowed growth, but it has not stopped it. To make Brazil even more business-friendly, the government is spending $263 billion on tax breaks and infrastructure. Like Lula's social projects, the Growth Acceleration Program, which began in 2007, was funded largely by high commodity prices, most...
EDUCATION $46.7 billion, a 1% increase. Calls for cuts in subsidies to banks that provide student loans and an increase in government Pell grants for college students.
In the past few months, though, Kapitalizm's jaws have snapped shut. The global credit crunch has hit the economies of Eastern Europe hard. In Hungary and Latvia the International Monetary Fund has stepped in with emergency aid. (Latvia's government collapsed anyway.) Currencies have crashed, leading the European Central...
There are two main reasons for regret - one practical and one symbolic. The practical point is best made by the phrase: the West made them do it. Yes, some of the countries on the brink of collapse have brought disaster on themselves. Places such as Latvia and Bulgaria have run...
There are few things that carry more intrinsic good than a bike ride. Bike skeptics truly underestimate the simple pleasure of riding down the banks of the Charles on the first warm day of the spring—and the knowledge that you are frolicking entirely carbon-free. The Boston...