Word: economice
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Last year was supposed to be the most transformative year in American public life since the sixties. Far reaching legislation seemed assured. Economic recovery, healthcare reform, a cap on carbon emissions, and financial regulation. What a difference a year makes. A failure to get any of these things done is...
Since then, Democrats have followed up with a flurry of withering attacks, all of which signal a tactical shift: after months of painting their opponents as obstructionists willing to sacrifice critical legislation for electoral gain, Democrats are now tripping over themselves to juxtapose their ideas with a substantive Republican policy...
As a result, just as development experts are urging the government and the international donor community to train Haitians in skills like earthquake-resistant building construction, many are recommending that a large-scale prosthetic industry be formed. "Like the building skills, it would fill an economic-stimulus need as well...
Yet even in a place where consumer spending never before existed, the rules of the market economy suddenly kicked in. And the explosive growth in the money supply, combined with pent-up demand, led to another economic phenomenon: hyperinflation. Cigarettes sold for as much as one million pesos a pack...
Under pressure from the European Union, the Greek government has outlined a series of public-sector wage cuts and tax increases that are intended to help slash the deficit from the current 12.7% of GDP to the E.U. limit of 3% by 2012. While the impact of the new measures...