Word: cutting
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...directors, writers, musicians and other show people who died in 2008. They deserve long goodbyes, but these haiku sendoffs will have to do. The Internet Movie Database lists more than 2,000 celebrities who got their final call last year; alas, most of them didn't make my final cut. I just wish I could say this list is as definitive as Rex Reed's, in this week's New York Observer. Says Reed: "If I've left anyone out, you don't need to know them anyway...
...panic and the adrenalin rush which accompanies it have not hit with a full force. The prospect of another 524,000 people being put out of work in just 30 days and the likelihood that the situation will only get worse as industries from retail and automotive cut more people may be the only thing that drives an admittedly imperfect set of bills though Congress, to the President's desk, and into the bureaucracy that must implement the programs...
...stimulate a stumbling economy? For decades, the consensus among economists was that this was a job best left to the Federal Reserve and to such automatic fiscal stabilizers as unemployment insurance. Passing laws in Congress to cut taxes or boost spending to stave off a downturn was seen as pointless at best. Such help would arrive too late or in the wrong place, the thinking went, or would have no impact at all. (See TIME's "Bailout Report Card...
...them better off - infrastructure, alternative energy, etc. But these projects take time to get up and running. If they're rushed, they're likely to be botched. That's where the case comes in for simply backstopping existing state- and local-government spending that would otherwise have to be cut back sharply. The Obama plan includes elements of both...
...Moscow cut its supply of gas to Ukraine last week following a dispute over payment. At least 18 European countries who buy Russian gas and have it piped through Ukraine saw their supplies completely or partially cut as a result. Some governments declared states of emergency and ordered factories and schools to close, while millions of people struggled to cope in freezing temperatures. (See pictures of Russia celebrating Victory...