Word: demanding
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...apparently has told Vladimir Putin. Last month the Russian government announced an increase in tariffs on imported cars, sparking angry protests from motorists. The move is meant to support a local car industry that temporarily shuttered factories because of withering demand. "Now that our producers are forced to slash production, I think it is absolutely unacceptable to spend money on acquiring [imported] foreign cars," Putin said. In Indonesia, the government is slapping import restrictions on about 500 items. Importers will require licenses and can only bring in the goods through specified ports. The decree announcing the measures said they were...
...traditional tariff is not the only tool governments are using these days to influence trade. More important perhaps is the financial support that states are offering to industrial firms to aid them in the global competition for a shrinking pool of consumer demand. Most obvious of these steps was Washington's $17 billion bailout of the U.S. auto industry. Now American steelmakers are lobbying the incoming Obama Administration to include "Buy America" provisions in the proposed government stimulus package, to favor their own steel over foreign imports. A state development fund in Taiwan is raising $6 billion to aid companies...
...environmental community prepares to celebrate the inauguration of perhaps the first truly green President, the renewable energy industry - especially young solar manufacturers - is struggling to survive. The recession has already claimed victims: Three Western solar manufacturers, OptiSolar, HelioVolt and SunEdison, are reportedly cutting jobs in the face of declining demand. Where there was a glut of orders for new solar systems as recently as the past summer, prices for rooftop solar arrays have dropped 8% to 10% since October, and are likely to keep falling this year. Layoffs are happening even in the more mature wind industry - including big companies...
...first time Blair House has been at the center of an amusingly juicy non-scandal. In 1981, President Carter nearly sued The Washington Post for claiming he'd had the place bugged. The paper's executive editor, Benjamin C. Bradlee, scoffed at Carter's demand for a public apology, saying, "How do you make a public apology - run up and down Pennsylvania Avenue shouting, 'I'm sorry?'" After the Post story came out, a former executive editor of the New York Times revealed that he had once caught Soviet security guards meticulously checking then-Premier Leonid Brezhnev's room...
...about $800 billion, plus the second $350 billion chunk of the financial bailout - we all really do seem to be Keynesians now. Just about every expert agrees that pumping $1 trillion into a moribund economy will rev up the ethereal goods-and-services engine that Keynes called "aggregate demand" and stimulate at least some short-term activity, even if it is all wasted on money pits. (See pictures of the recession...