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Word: betterness (lookup in dictionary) (lookup stats)
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...private consumption. Even though consumer spending is increasing, it is not growing quickly enough. Private consumption's role in the economy has actually been declining, to a mere 35% of GDP in 2008 from 46% in 2000. Economists say policymakers need to speed up the development of a better social safety network, encourage small-scale finance and liberalize service industries dominated by big state firms to further raise incomes and encourage Chinese to spend more and save less...

Author: /time Magazine | Title: Can China's Backwaters Save the Global Economy? | 11/30/2009 | See Source »

...third last year when his company was hit hard by the financial crisis, but that hasn't stopped him from spending. So confident is he about the future, he recently went out shopping for a new refrigerator. "Judging from my job, my life, I think everything will become better and better," Lu says. And maybe for the entire world economy as well...

Author: /time Magazine | Title: Can China's Backwaters Save the Global Economy? | 11/30/2009 | See Source »

When times are good in financial markets, we're willing to convince ourselves that they're good for a reason. The fundamentals are great, the experts tell us. Innovation is creating new opportunities and new wealth. We've gotten better at managing risk. After a few years of market trouble, though, the tone changes. "When the trend is sideways to down, they think the machine is broken," says Robert Prechter. "Jeez...

Author: /time Magazine | Title: Riding the Waves of Irrational Behavior | 11/30/2009 | See Source »

...Hillary Clinton should be President [Nov. 16]. Unfortunately, as Secretary of State serving an inexperienced President, she is hampered by Barack Obama's fantasy foreign policy. During the campaign, Clinton spelled out over and over the harsh realities of the dangerous world she is now confronting. Sometimes blunt is better...

Author: /time Magazine | Title: Inbox | 11/30/2009 | See Source »

...offered security, vocational training, jobs and amnesty for past crimes. "This is not rocket science," says Lamb. "Insurgents have been reconciling and reintegrating back into society for centuries. This is about entering a dialogue where they can see opportunities, because the way you counter an insurgency is with a better life." (See pictures of the U.S. Marines' offensive in Afghanistan...

Author: /time Magazine | Title: Talking with the Taliban: Easier Said Than Done | 11/30/2009 | See Source »

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