Word: consensus
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Continually easing the pain of jobless Americans, it turns out, can contribute to high jobless rates by warping incentives to look for work. "The consensus estimates show that unemployment benefits do prolong unemployment spells by quite a bit," says University of Chicago economist Bruce Meyer, who has produced academic studies on the issue dating back to the recession of the early 1980s. (See 10 ways your job will change...
Over 60 Cambridge residents met for the second session of the Climate Emergency Congress on Saturday to vote on a list of recommendations responding to the city’s climate challenges. Four hours and 52 minutes later, the delegates came to the consensus to reconvene for a third session...
...what happens next? Last month, the House narrowly passed a financial-reform bill that included many of the Administration's priorities, including a strong consumer agency. It received no Republican votes. Senate Banking Committee chairman Christopher Dodd has been trying to forge a bipartisan consensus around a similar bill, but Republicans have made it clear that the consumer agency is a deal breaker. And the Hill is swarming with financial lobbyists who are desperate to preserve the status quo. (See judgments of Obama's first year, issue by issue...
...Justices Anthony Kennedy and John Paul Stevens, the dueling authors of the main opinions, these clashes have become so predictable and so dramatized, they should think about starting a cable-TV show.) "The right of citizens to inquire, to hear, to speak and to use information to reach consensus is a precondition to enlightened self-government and a necessary means to protect it," trumpeted Kennedy. Stevens responded, "The court's ruling threatens to undermine the integrity of elected institutions across the nation." The rhetoric was so florid, it was hard to keep in mind that they were talking about politics...
...Zack's consensus of analysts estimates is for a 27% earnings rise for S&P 500 stocks in 2010, but even if this is achieved companies will be earning 9% less in 2010 than they did in the peak 2007 period. Steven Wieting, a managing director and U.S. economist at Citigroup Global Markets, says it will likely be 2012 or 2013 before earnings reach the levels attained in 2007. Maybe by then we'll be back to the stock-market highs that occurred...