Word: market
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...most other people. That will stall the recovery process because everyone is waiting to see what happens. But in the long run, roughly three things help the economy improve. First of all, those not laid off - the majority - start consuming again. Second, a new cohort comes into the labor market and is likely to benefit from the recovery, so it's spending more. Third, those who experienced a negative shock, either from a layoff or from graduating in a recession, begin to spend again as well; however, they're likely to save less...
...lives, including large and lasting earnings losses. Accordingly, they have a large initial increase in mortality that settles down at a permanently higher level. That isn't in conflict with the other finding. Even though middle-aged men with good, stable jobs are an important part of the labor market, in terms of the entire population, they're not a dominating fraction. In a recession, everyone holds back on alcohol consumption, smoking and overeating. Also, there are fewer work and car accidents, and that could dominate the aggregate healthier effect...
...explain it is that the other finding didn't apply to the overall population - it just applied to the elderly, who for a variety of reasons, including improved care, appear to thrive during a downturn. The aggregate may be driven by these elderly, who aren't in the labor market and aren't affected by changes in earnings...
...still not truly resolved issues that are certain to be argued again in the broader arena of the House and Senate floors: Whether the bill should include a requirement that individuals who do not get coverage from their employers or from government programs buy it on the open market. If so, how can lawmakers ensure that people who are required to buy coverage can actually afford it? Should it include a requirement that all but the smallest firms provide a package of health benefits to their workers, and if so, how would it be enforced? How should the proposal...
...warned of. Perhaps most fundamental, the middle way avoids the quicksand on which the counterinsurgency strategy is built: the absolute need for nation-building. Counterinsurgency strategy requires clearing and holding territory, which cannot be done without transforming a corruption-riddled, anarchic and poverty-stricken state into a functioning market democracy. That goal is totally beyond American interests and capabilities and promises only endless war. Nor does the all-out approach help us in Pakistan, whose leaders continue to nurture long-standing alliances with the Taliban as a counterweight to India, Islamabad's real worry. Finally, the all-outers slight...