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...print money. The number of signatures that appear or don't appear on the money is not important, he said. Critics, however, argue that the Central Bank's exclusive authority doesn't give it creative license to invent new styles of currency that stray from the technical specifications laid out in the Monetary Law. "The government couldn't just start circulating cacao beans and say it's currency like the indigenous did," says economist Nestor Avendano. "They have to respect...

Author: /time Magazine | Title: For Nicaraguans, New Currency Is a Hot Potato | 5/23/2009 | See Source »

...supply a detailed accounting of predictions for how government investments will pay out. The process of stimulating the economy may, indeed, have no specific goals other than to move GDP back to the positive growth rate in the budget and stimulus bills and the recovery in employment that is laid out by the Office of Management and Budget. That would mean that the approach to salvaging the economy is freewheeling and subject to only the nonspecific measurements of success...

Author: /time Magazine | Title: Who's Actually Running the Government's Portfolio? | 5/21/2009 | See Source »

...chengguan ended up with enforcement powers for a broad range of regulations in Chinese cities. Officers were often drawn from the ranks of laid-off workers from state-owned enterprises and given little training in law enforcement, Zhou says. While Chinese police have also been accused of abusing suspects - the government recently ordered police to undergo a five-month retraining program because of an alarming number of high-profile deaths of prisoners in the nation's jails - the violence attributed to the chengguan is seen as more galling because of the pedestrian nature of their responsibilities. Yet they themselves face...

Author: /time Magazine | Title: Above the Law? China's Bully Law-Enforcement Officers | 5/21/2009 | See Source »

...Bedardo Sola, a staffer who was laid off and then rehired by Harvard subcontractor ABM OneSource, spoke to the crowd in Spanish. Daniel Brasil Becker, a representative for the Service Employees International Union Local 1615, interpreted Sola’s remarks...

Author: By Eric P. Newcomer, CRIMSON STAFF WRITER | Title: Students and Staff Rally For Budget Say | 5/20/2009 | See Source »

...spite of the downturn in trade. One reason, he says, is because Singapore is so strategically located along maritime trade routes that it's an ideal place to ride out the recession. "If the ships are going to move anywhere they'll move from here," Inch says. (Read "Laid Off in Singapore...

Author: /time Magazine | Title: Plunge in Trade Is a Boon for Singapore Ship Suppliers | 5/20/2009 | See Source »

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