Word: fixes
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Dates: during 2000-2009
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...meetings with Panetta and Blair over the past several months. Biden's office, the CIA and the DNI have all refused to comment on these meetings, but officials familiar with the deliberations say that last month the Vice President came down on Panetta's side. (See six ways to fix...
Natural disasters, oil spills, car crashes, riots, crime: anything you pay to fix will boost GDP. Helping a neighbor up the stairs, skipping work to watch your son's Little League game, strolling in the woods won't. GDP tallies the value of an item, but not the environmental cost of its production: pollution, carbon emissions or the depletion of minerals and ecosystems. "It counts napalm and the cost of a nuclear warhead, and armored cars for police who fight riots in our streets," said Robert Kennedy in 1968. "It does not include the beauty of our poetry...
...Fix It So what's to be done? In general, the Federal Government has been too passive about fixing the real problems, not too activist. That said, here are a few rules of the road for Wall Street and Main Street: (See which businesses are bucking the recession...
...this is to mention that Afghanistan is a country swimming in the heroin trade. Illicit narcotics is conservatively put at $3 billion a year - about 15% of Afghanistan's GDP. Finding someone not one way or another involved in it is next to impossible. (See six ways to fix...
However, the policy is ultimately little more than a symbolic gesture and a Band-Aid fix to a problem that is in dire need of a suture. Simply cutting the pay of executives does little to address the systemic problems that helped give rise to the financial crisis. The Obama administration now has a unique opportunity to capitalize on populist discontent with policies that correct the lax regulatory regime that helped enable the financial meltdown. Real change to the current system, which incentivizes unnecessary risk-taking and corporate irresponsibility, cannot be replaced with simply cutting executive pay. The recent cuts...