Word: economice
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That doesn't mean there's no downside. Supersized sovereign debt is likely to depress economic growth. Hefty debt payments lead to heftier taxes, which bite into consumer spending and corporate investment. Economists Carmen Reinhart of the University of Maryland and Kenneth Rogoff of Harvard University found in a recent...
Tigers have never before been reintroduced to the wild. This is partly because scarce conservation resources are usually devoted to what Tilson calls "a failed strategy": protecting what few tiger habitats remain. "There needs to be a new paradigm," says Tilson. His answer? "Let's create wildernesses, as opposed to...
Tilson is used to skeptics. "Don't you read the newspapers?" he was asked by an outraged prospective donor in the U.S. "The goddamn Chinese eat their tigers and put them into medicine." But Tilson is convinced that China's economic and human resources make it uniquely placed to put...
"There is unemployment, a brief and relatively routine transitional state that results from the rise and fall of companies in any economy, and there is unemployment--chronic, all-consuming. The former is a necessary lubricant in any engine of economic growth. The latter is a pestilence that slowly eats away...
"China is a poor country with nothing comparable to the tremendous research, industrial and economic resources that the U.S. has been blessed with. Yet they're blowing us away ... The low-carbon era is coming. We can be dragged into that newer, greener world by leading countries like China; or...