Word: jump-start
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...entitlements are forever. The Great Depression eventually dissipated, but Franklin Roosevelt's crown jewel - the Social Security system - is still with us. And so it will be with the Obama Administration. The early headlines have been all about the President's efforts to repair the financial system and jump-start the economy. If he succeeds, he probably will be re-elected. But Barack Obama's place in history will be determined by the long-term structural changes he initiates, and his most important legacy battle is just beginning as Congress tackles the holy grail of modern liberalism, a universal health...
...address some of our most intractable problems. Applications for AmeriCorps, the Peace Corps and Teach for America are pouring in--there are many more applicants than spots. Is that due to the economy? Perhaps. The bill authorizes $5.7 billion for national service over the next five years, which can jump-start a range of programs to help schools, health care and the environment. But as everyone claps one another on the back, that clichéd newspaper headline looms: NOW FOR THE HARD PART. Ideas are easy, especially high-minded ones; execution is tough...
...Turmoil Kabul has announced plans for the creation of the war-ravaged country's first national park, in central Bamiyan province's Band-e-Amir, a lake region known for its breathtaking natural dams and waterfalls. Officials hope the park's creation and local restoration will boost tourism and jump-start conservation efforts...
...first sign of the behavioralist takeover surfaced on April 1, when Americans began receiving $116 billion worth of payroll-tax cuts from the stimulus package. Obama isn't sending us one-time rebate checks. Reason: his goal is to jump-start consumer spending, and research has shown we're more likely to save money rather than spend it when we get it in a big chunk. Instead, Obama made sure the tax cuts will be paid out through decreased withholding, so our regular paychecks will grow a bit and we'll be less likely to notice the windfall. The idea...
...trade. The flow of imports and exports has actually contracted more dramatically than the world economy as a whole, because its lifeblood, private-sector trade finance, has dried up. This is fixable, since most governments have export-credit organizations dedicated to trade finance. Governments should instruct them to jump-start trade flows until private sector financiers return...