Word: costes
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...problems. Early in 2008, a weakening dollar was a factor in spiking prices of energy, commodities and food, which placed a disproportionate burden on the limited incomes of the poor. The dollar-dominated system has also allowed the U.S. to finance its budget and trade deficits at a low cost, which perpetuated the global imbalances that contributed to the current economic crisis. A system like the one proposed by Beijing, argues Deutsche Bank economist Jun Ma, would make it possible "for China and many other countries to avoid being victims of the systemic risks generated by domestic economic problems...
...most frightening characteristics is that the number of people whose jobless benefits run out is going to be large and will almost certainly grow substantially beginning relatively soon. This means that even though giving financial support to the unemployed may be an unbelievable expense, it may actually cost more to remove their government safety net and in some cases allow them to become indigent...
...Based on a true story, The Vagrants is a bleak masterpiece, written without sentimentality, its anger a cold, controlled fury rather than a shrill rage. The surface of its unshowy prose disguises an enormous achievement for the realist political novel. Li's relentless calibration of the cost paid by the innocent to sustain a dehumanizing and brutal sociopolitical order marks it as a milestone in the literature of oppressed, extinguished lives...
...Additionally, the potential for social stratification inherent to the proliferation of non-medical PGD should give us even more reason to pause. PGD is prohibitively expensive—the first trait-selected baby was going to cost $18,000. The fact that PGD treatment results in a prevalence of “desirable” characteristics means that there would be visible and genetic differences between the financially well off and those whose parents could not afford PGD. If genetic makeup becomes dependent on wealth, then people’s looks will be an immediate indicator of their upbringing...
...can’t fairly blame all of GM’s decades-long troubles on a man who has been CEO for only nine years. High cost union contracts and close competition from rivals like Toyota made Wagoner’s job a difficult one. And, to his credit, he closed unnecessary plants, laid off workers, and renegotiated union contracts in an attempt to streamline the company. But he did little to pull his company out of its unsustainable reliance on sales of sport utility vehicles and trucks, which plummeted when gas prices rose to $4 per gallon last...