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...particulars. Take the meeting that White House health czar Nancy-Ann DeParle and Health and Human Services Secretary Kathleen Sebelius held earlier this week with leaders of groups that represent minorities, the disabled and the disadvantaged. While these are the very segments of society that stand to benefit the most from expanding health coverage to the 47 million or so Americans who currently lack it, they were nonetheless skeptical of some of the things that Obama is trying...
...Iran's Prime Minister during the 1980s, Mir-Hossein Mousavi, the pragmatic reformist who has emerged as Ahmadinejad's most serious challenger, is stepping back into the political spotlight after what the Iranian media has dubbed "20 years of silence." Mousavi's low profile may work to his benefit. Iranians seeking an alternative to Ahmadinejad's truculence have latched onto Mousavi with little concern, it seems, over the fact that in the 1980s, the gray-bearded 67-year-old was at the heart of a regime that executed dissidents, took U.S. hostages and launched a fatwa against author Salman Rushdie...
...Another argument for buying local is that it enhances the "velocity" of money, or circulation speed, in the area. The idea is that if currency circulates more quickly, the money passes through more hands-and more people have had the benefit of the money and what it has purchased for them. "If you're buying local and not at a chain or branch store, chances are that store is not making a huge profit," says David Morris, Vice President of the Institute for Local Self-Reliance, a nonprofit economic research and development organization based in Minneapolis and Washington, D.C. "That...
...economic principle, velocity has been considered a constant. According to Gelleri, it was stable in the 1950s, '60s, and '70s but starting in the '80s velocity has decreased as more money has been diverted to the financial sector. This scenario may benefit financial centers, but money tends to drain away from other places. Gelleri says that both the Euro and the U.S. dollar have slowed way down. "In the last several months velocity has declined sharply because there's less GDP and more money," he says. "The money doesn't flow. More money is being printed...
...declined to characterize the results of the program in any way, saying that the participation rate speaks for itself. He also declined to comment on the costs or savings achieved by the program, but noted that it was primarily funded through assets set aside for the University's defined-benefit pension plan.Harvard's financial report for fiscal year 2008 showed an apparent surplus of nearly $300 million in the University's pension-plan assets after subtracting away benefit obligations of roughly $600 million, suggesting that the University may have been able to pay for the retirement incentives without its increasing...