Word: kiel
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...resurgence of capitalism is rewriting the world's political lexicons. Social Democratic leaders across Western Europe are increasingly pro-business. Says Herbert Giersch, director of the Institute of World Economics at the University of Kiel, West Germany: "The European Commission, even under a socialist president, is pushing toward a decontrol of the capital market, a breakdown of the airline cartel and reform of agriculture policy...
...Perkins was battling with Northeastern's Steve Sergeant for the lead when the gun cracked to signal the final lap. As he rounded the first turn, Perkins began to kiel running straight into a gusty wind. Despite Sergeant's efforts to stay with him, Perkins extended his lead winning the race by more than three seconds...
...will result in little or no increase in the number of jobs. In part this is because more and more positions require skilled workers who are usually in demand. The only sure way to increase employment, say critics, is to increase investment. Herbert Giersch, president of the University of Kiel's Institute for World Economics, says that rationing jobs and economic planning will not cure the hardening of the arteries in the European economy that has become known as Eurosclerosis...
...West European recovery lagging behind the U.S.'s? The answer, according to Herbert Giersch, director of the University of Kiel's Institute for World Economics, is that European economies are too rigid to respond quickly enough to the rapidly changing world economy. Said he: "We are lagging in terms of flexibility of the labor market, in terms of product innovations and also in just entrepreneurial spirit in comparison with...
...billion. Similarly, in 1970 West Germany paid out about $48 billion, or more than 16% of the country's entire output, for health care and pension schemes/In 1980 the total had reached $136 billion, or nearly 22%. Says Herbert Giersch, director of the Institute for World Economics at Kiel and a member of TIME'S European Board of Economists: "The country's social welfare net needs basic structural changes. Public deficits cannot be filled with more government money, but with values like hard work, reasonable wage demands and higher productivity...