Word: economice
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The Gist: Kudos to California! On July 20, the Golden State finally cobbled together a plan to bridge its $26.3 billion budget gap, leaving North Carolina, Connecticut and Pennsylvania as the only states that have not yet reached an agreement. But before lawmakers start slapping backs, they should know that...
3. On how the crisis could persist: "If the recession lingers (as some economists suggest), economic growth is particularly tepid (as some economists warn), or the nation dips into another recession (as some economists predict), state fiscal problems would obviously last longer. This all underscores an unfortunate fact: Without a...
In 1996, Karen Ho got a job on Wall Street. The student of anthropology, who would later go on to get her Ph.D., was fascinated by how even in the midst of an economic boom, corporate downsizings were rampant - and how each time a company announced a major layoff, its...
The six-member board, chaired by former French Prime Minister Dominique de Villepin, says that without strategic direction and clear priorities on issues like security and energy, the Bulgarian state could face populist revolts. And that instability "could undo the ties between the E.U. and Bulgaria, prompting a shift toward...
In fact, the Indian Environment Minister, Jairam Ramesh, broke away from the saccharine tone of most of Clinton's meetings with the country's leaders by bluntly reiterating India's position that it would not accept binding emissions cuts. "There is simply no case for the pressure that we, who...