Word: costly
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Dates: during 2000-2009
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...effective and efficient such a program would be. First of all, it is misleading to imply that companies aren't hiring because workers aren't cheap enough. As Dale Mortensen, a professor of economics at Northwestern University, points out, workers are a real bargain right now. Unit labor costs - how much a company has to pay people to produce a unit of whatever it is that the company makes - have been flat or falling for all of 2009. Between the second and third quarters, labor costs dropped at an annual rate of 2.5%. "If you just look at the cost...
...billion arms deal. Through his financial adviser, who was jailed in 2005 for fraud, Zuma was one of the beneficiaries of kickbacks worth thousands of dollars. With Mbeki and Zuma slugging it out at the time, the courts and the state prosecutors became their arena, at considerable cost to the judiciary's independence. Prosecutors finally dropped the case in April, two weeks before Zuma became their new boss. Says Feinstein, "To talk about crime and corruption when he has undermined the judicial system, to talk about the role of women when he has three wives, it rings hollow. That...
...this newfound pragmatism, though, is the idealistic rhetoric of the Bush era, which advocated building up infrastructure, the economy, and civil society alongside a vibrant democracy as the road to perpetual peace. Obama’s strategy also calls for a dedicated shift from nation building to a more cost- and time-efficient policy of simply destroying the enemy and leaving Afghanistan with a functioning and effectual government...
...Obama is also shrinking the war on terrorism because, although he won't say so out loud, he's scaled back Bush's assessment of American power. When Bush invaded Iraq, the U.S. was coming off a decade of low-cost military triumphs - from Panama in 1989 to the Gulf War in 1991 to Bosnia in 1995 to Kosovo in 1999. And back then, Afghanistan looked like a triumph too. It was easy to believe that the U.S. military - through a combination of force and threats of force - could prevail over a slew of hostile regimes and movements...
...society where the cost of living is high, the notion that kids are an unwelcome burden - taboo in many cultures - has become an accepted idea. Take the title of a recent panel discussion put on by Taiwan's Human Social Sciences Foundation: 'Having Children! Does It Hurt That Much?' "The hurt," explains the foundation's president, professor Liu Pei-yi, "refers to financial loss." In a research poll administered by Kun Shan University in 2007, students interviewed 100 residents of Taiwan between the ages of 20 and 40 about their family plans. One-third didn't plan to have...