Word: gaine
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...Many economists admire Darling's optimism, though few could hide their disappointment at the 0.1% growth figure. Most had expected an 0.4% gain or more, thinking the economy would be fueled by the annual blast of Christmastime consumer spending as well as shoppers seeking to make purchases before an increase in the value-added tax went into effect in January. Though retail was one of the leading drivers of fourth-quarter growth, the boost in spending was offset by confounding slumps elsewhere in the economy...
...France, where fourth-quarter economic growth was estimated to be 0.3%, officials are now doubling their forecasts for 2010 growth from 0.75% to 1.5%, even though no new infusions of government stimulus cash are planned. Similarly, in Germany, an initial prediction of a 1.2% gain for 2010 has been revised to 1.4% - despite the country's registering a flat fourth-quarter growth figure as government stimulus funds tapered off. (Read "France and Germany Climb Out of Recession...
...composition of the Senate will change the terms of engagement between Republicans and Democrats. While some in the Democratic party wish to see the current bill scrapped entirely until a less volatile period arises, this would be a costly mistake. The failure of healthcare reform to gain traction in Congress in 1994 derailed efforts to tackle the issue nationally until 2008; as the percentage of uninsured Americans continues to increase, the issue continues to become more pressing every single day. In addition, the perceived failure of the Democratic party to enact their agenda, even with a 59-vote majority, will...
...whole, the performances of the four Harvard teams are encouraging, particularly because the skiing program has only recently begun to gain real competitiveness and attention...
...Obama's engagement effort, though, was that if Iran kept stalling, countries previously opposed to sanctions, such as Russia, China and Germany, could be persuaded to support new punitive measures aimed at forcing Iran to cooperate. "We actually believe that by following the diplomatic path we are on, we gain credibility and influence with a number of nations who would have to participate in order to make the sanctions regime as tight and as crippling as we would want it to be," Secretary of State Hillary Clinton told the House Foreign Affairs Committee in last April. (See pictures of terrorism...