Word: cashes
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Dates: during 2000-2009
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...Porsche, and Jena has successfully built on the reputation of its optical firm, Carl Zeiss. But for the most part, eastern Germany is still far from resembling the "blossoming landscapes" that former Chancellor Helmut Kohl predicted back in 1990. True, living standards have soared thanks to the cash infusions, giving easterners more than 80% of the purchasing power of their western compatriots. But even two decades on, the region remains substantially less productive than its western counterpart. The former GDR has 20% of Germany's population but one-third of its unemployed...
...issue at hand was how to integrate 17 million East Germans into a suddenly reunified country, and quickly. Despite some lingering resentment in both east and west, that work is done. In a line policymakers today might take to heart, Zimmerman of the DIW says that the infusion of cash to the east "wasn't a failure. The problem is that the expectations were too high...
...more than offset by savings in commercial nitrogen, insecticides and herbicides. In Africa, where labor is cheap and capital scarce, the benefits would be magnified. According to Indian environmentalist Vandana Shiva, past green revolutions boosted production of wheat and rice at the expense of other food. Using land for cash crops, she argues, actually decreased total food production. "You're losing because you're measuring only the single commodity," Shiva says...
...Gayoom's supporters point to the influx of foreign cash that flooded into the country after he assumed power. His government opened dozens of the archipelago's islands to international tourism, which now directly contributes to 30% of the Maldives' GDP. In a country short on land, construction became a lucrative business: the cramped capital Malé, where more than a third of the population lives, is a maze of concrete. Rents sometimes match those of world cities such as Hong Kong or New York City, and a bleary-eyed community of foreign laborers hammers away at building sites daily...
...looks more and more U-like--one in which a rebound takes time. That's the picture Roubini is painting. He says no amount of government stimulus can make us shoppers again--we have too much debt. When paychecks resume or start to grow again, lenders will get that cash, not retailers. Consumer spending made up as much as 70% of the economy before the bust. With less shopping, Roubini says, there is little chance for a quick rebound. "If we do everything right, we can avoid an L-shaped near depression, which you don't recover from," he says...