Word: ending
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Dates: during 2000-2009
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...massive government spending, then some jobs will return. In the meantime, train people for whatever work they can get - fast food, nursing, you name it. But if we're in a posthysteresis world, then just adding gas to the economy won't be enough, and making cheap low-end jobs won't deliver a workforce capable of sustaining competitive growth. "There's no use making economic change if you don't have human agents who can take advantage of it," Unger explains...
...community colleges is a start. But it's only a start. Ideally, the White House needs to propose an omnibus employment-emergency bill that guarantees jobless workers a basic set of rights for two to three years: health care, access to retraining, subsidized mentoring for careers in high-end manufacturing or health services. Handled well, such a program could be a "cash for clunker careers." Obama should also bring together innovative minds in technology and service - the people who run consumer-driven businesses like Disney and Google - to find ways to make the process of being unemployed less...
...end, GM's CEO Fritz Henderson phoned Chancellor Angela Merkel's office Thursday to seal the deal. The decision to sell Opel and Vauxhall to Magna is a coup for Merkel who has staked her credibility on the bid, a joint offer from the Canadian car-parts manufacturer and Russia's state-owned Sberbank. Since May, Merkel and the German government have thrown their weight behind Magna's offer, arguing that Magna already had extensive experience in building autos. Berlin also likes the fact that the Magna bid will keep open Opel's four factories in Germany, thus saving more...
...Thursday afternoon, Merkel, an often serious, even dour leader, was overjoyed when she broke the news. "I am exceptionally happy about this decision, which is along the lines of what the government wanted," she said. "It's clear the patience and determination of the government paid off in the end...
...exemption from their quota of 1.5 million bbl. a day, since companies like Chevron and Total have invested billions in drilling off Angola's coast, and the country - most of whose people live in dire poverty - could potentially pump about 2.3 million bbl. a day by year's end. "They argue that they are a war-torn country, like Iraq, and need to rebuild the country," Morse says. "OPEC swept the problem under the table, because, after all, why deal with it when you can put it off?" (See pictures of world leaders on vacation...