Word: formely
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...reason: sorrow does not spread nearly as readily as joy. Nicholas Christakis, one of the study's authors, says happy people form groups and socialize. Unhappy people spend more time alone, not always by choice. "Do you want to hang out with an unhappy person?" says Christakis, who teaches sociology at Harvard. "My feeling is that happiness declines during recessions, but I am not sure how much...
...paid good wages, that money stays in the community, it helps to provide a vibrant economy, it helps to also even send their children like me...to college and to eventually even run for office." - On the Employee Free Choice Act, which would make it easier for employees to form unions and to bargain with employers (Washington Post...
...invoke binding arbitration after 120 days of negotiating. Businesses argue EFCA could cost them, and therefore the economy, untold billions annually. Union advocates argue that the bill is not just good for unions but a boost for the economy as well. "If it becomes easier for working people to form unions and get more bargaining power and therefore higher wages, the economy will be helped," said Robert Reich, a former labor secretary under President Clinton and an adviser to Obama on labor during the campaign. "EFCA will be good for the economy because it will improve bargaining and put more...
...that the U.S. economy will glide effortlessly through a crisis at the Big Three. But history tells us that no firm is completely indispensable to a national economy, no matter how much of an institution it appears to be. Nor do firms need to be preserved in exactly the form in which we all know them. Any time a giant, money-losing corporation fails, the results are ugly. But the outcome may still look better than a zombie...
...plan will move $13.4 billion in funds from the Troubled Asset Relief Program (TARP) to GM and Chrysler, with GM getting $9.4 billion and Chrysler $4 billion. The money will be in the form of three-year loans, but the terms permit the Obama Administration to demand earlier repayment - presumably triggering bankruptcy - if it believes the restructuring goals are not being met. The near-term target is a March 31 deadline for the automakers to show a plan for achieving long-term viability. Based on White House and Treasury descriptions of the plan, this will be less an acid test...