Word: jolt
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...midst of the transition, President Obama was faced with a telling policy choice: whether to declare a temporary sales-tax holiday. His economic advisers loved the idea. It would provide immediate consumer stimulus, a direct jolt that might unclog the commercial arteries. The money could be easily passed from the Federal Government to the states, which administer sales taxes. But Obama resisted and finally rejected the idea. "He thought it would provide a temporary benefit, that it had no substantial or lasting policy impact," a senior transition adviser told me. "I think he was remembering the campaign, when Hillary...
...Caffeine Balls Think powdery puppy chow, not gumballs - but don't let that deter you from sucking on some Caffeine Balls, especially if you don't want a mouthful of sticky. Two chewable chalky balls are supposed to equal the jolt of a cup of coffee. I popped a few of the mocha-flavored pellets late one night, and after about five to 10 minutes, I was up eyeing the door instead of my bed. Price: $14.95 for a 90-ball bottle...
...results: In Burger's experiment, 70% of participants were willing to proceed past the maximum 150-volt jolt level; in the corresponding Milgram experiment, 83% continued. The variance, Burger explains, is not statistically significant...
...spending a few hundred billion in a big hurry? Harvard professor Gregory Mankiw, who chaired George W. Bush's Council of Economic Advisers, noted puckishly in the New York Times that he has children, whereas John Maynard Keynes--the intellectual godfather of the idea that government spending can jolt you out of a recession--did not. But even Mankiw doesn't actually oppose the idea of burdening the children with more debt. (See pictures of the recession...
...aides say a more detailed economic plan may come before Christmas; some elements could be drafted by the holidays and acted on by Congress in January. Other pieces, like health-care reform, can't be rushed. But there is a real chance that at least some of the economic jolt that Obama wants will be ready for his signature the moment he takes the oath of office. That will make for an extraordinary Inauguration Day--and mark just the start of the new President's efforts to meet the extraordinary challenges that await...