Word: consensus
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...opening remarks concerned the President-elect’s general views on immigration, founded on three main building blocks: supporting immigration, strengthening border control, and providing a system of legalization. He described Obama’s stated goal of increasing immigration as unlikely to be feasible since a large consensus of the population believes that immigration must be scaled back. “Even among immigrant communities, there is the view that ‘once I got in, then [we should] close the door’,” Dominguez said. Much of the country’s population...
...first weeks of 2009 to approve an economic stimulus package worth $500 billion or more. Obama declined to specify the size and said he would ask his new economic advisers to make a recommendation in the coming weeks. But he noted what he called a "pretty rare" consensus between conservative and liberal economists that a massive fiscal stimulus was needed...
...consensus for such a massive infusion holds - and with large Democratic majorities in both Houses of Congress, there is little reason to think otherwise - Obama would be able to include in the measure a number of programs he has advocated: tax cuts, jobs and spending initiatives, health-care reform, aid to beleaguered industries and energy-efficient investments and infrastructure...
...even more gains to the Southern Hemisphere without hurting the OECD. In any case, citizens of developed nations should grasp the economic benefits. Some, like Sachs, might say that allowing people from destitute places to migrate doesn’t help them where it counts: at home. This Washington Consensus logic asserts that immigration-friendly policies prevent poor states from developing their own economic infrastructure. But perhaps we should care less about Somalia and El Salvador and more about Somalis and Salvadoreños. What citizens of developing countries have as a comparative advantage is cheap labor and little else...
...result, hardly anyone is expecting a big snapback in the first quarter of next year. Then again, nobody really knows what to expect. There's far less consensus among economists about the first quarter than about the one we're in now. Some (Merrill Lynch's David Rosenberg is an example) think it will be even worse than the current quarter. Others (the majority) think it will be better. But none of that means very much, given that economists are close to hopeless at predicting that far into the future in times as tumultuous as these. It's the performance...