Word: german
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Dates: during 2000-2009
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...Paris, chief economist Klaus Schmidt-Hebbel argues forcefully that governments should do more to retrain workers and overhaul their labor-market policies to ensure that once recovery comes, new jobs are created in sufficient numbers to swiftly bring the jobless rate back down again. But ask him about the German short-work measures, and he's skeptical. "They can't stop rising unemployment," he says, "they just delay it." Indeed, in its latest economic forecast released March 31, the OECD expects unemployment in Germany to rise from its current 8.6% to 11.6% by the end of 2010 - higher than many...
...economists' doubts, there's immense political pressure on authorities to do something to slow growing joblessness. Several national and regional governments are subsidizing job-preservation efforts along German and Japanese lines, sometimes for the first time. Regional authorities in Wales, for example, have just introduced an on-the-job-retraining scheme under which companies in trouble can receive a subsidy of up to $2,800 per worker if they keep them on the payroll and teach them new skills...
...default options pack such power. Most of us will save for retirement, run our computers in energy-efficient mode and be organ donors if we have to take action to say no - but not if we have to take action to say yes. Almost nobody signed up for a German utility's clean-energy plan until it became the default, and then 94% stuck with it. We're also much likelier to go to the doctor for preventive care like flu shots if the appointment is made for us. In a speech last year, Orszag even suggested charging...
...President Obama and British Prime Minister Gordon Brown—fresh off his humiliating trip to Latin America—tussled with Sarkozy and German Chancellor Angela Merkel on the priorities of immediate stimulus versus regulation, Paramount Leader Hu Jintao quietly positioned China as the champion of the entire, unrepresented developing world. Meanwhile, President Lula da Silva of Brazil—the planet’s most popular politician, with an 80% approval rating—explicitly blamed the irrationality of white, blue-eyed beasts of prey for the financial crisis...
...believe some sources, the sherpas - the diplomats tasked with preparations for the meeting - have already done all the heavy lifting and the leaders have come together only to dot i's and cross t's. But after yesterday's dramatic double act by German Chancellor Angela Merkel and French President Nicolas Sarkozy, who summoned press to a swanky hotel in London's Knightsbridge to identify their own "non-negotiable red lines" to quote the French politician's martial phrase, nobody can confidently rule out last-minute spats. Indeed, although the concluding press conference has been scheduled for 3.30pm British...