Word: impact
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...give you an example. Dentists see more of an impact from a recession, because people put off getting dental care. Even people who have their semiannual cleaning paid for by insurance sometimes skip it because they're afraid that when they get there, they're going to be told they need other work. They want to avoid that expense...
...Fresh Wounds The current financial catastrophe has a special emotional impact on this nation of 49 million people. South Koreans remain scarred by the previous crisis in 1997, with memories of the bankruptcies, unemployment and uncertainty about the future still fresh and painful. In a country where economic success has become an integral part of national identity, the IMF bailout was seen as an embarrassment. Today's financial chaos seems like a return to those tumultuous days. South Korea has been among the Asian countries hardest hit by the global meltdown; its currency, the won, has fallen to levels...
...Stock markets are fickle, of course, and soon they returned to their downward drift. But the impact of the stimulus will last far longer because it marks the shift of China's economy away from manufacturing and exports to other means of growth. Says Ben Simpfendorfer, a China economist with the Royal Bank of Scotland in Hong Kong: "In a decade we'll be looking back at this moment and saying, 'This was it, this was when things really changed.'" The number doesn...
Armed with this information and a few reasonable if not entirely uncontroversial assumptions about how the economy works, Zandi's firm has estimated the one-year impact on GDP of several stimulus proposals per dollar of spending or lost revenue; for example, a tax rebate like this summer's would generate $1.22 on the dollar. Extending unemployment benefits would bring in $1.63; infrastructure spending, $1.59; and a temporary increase in food-stamp benefits, $1.73. Making the Bush income tax cuts permanent would bring in just 31¢ on the dollar. So spending increases would seem to be in order. Bush...
...such considerations will also have an impact on career choice. According to Donahue, “[Generally, non-Harvard] students are going to have to take on more debt, hurting their ability to go on to graduate school...