Word: marketeers
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Dates: during 2000-2009
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...this tax break probably isn't good policy, especially now that we seem to have left the darkest part of the housing-market woods. Here are the numbers. The IRS says 1.4 million first-time buyers have benefited from the credit so far; the National Association of Realtors thinks that figure will hit 1.8 million before the end of November. Meanwhile, a number of groups have estimated how many of those people wouldn't have bought houses had it not been for the tax break - about 350,000 or 400,000. In other words, some 80% of buyers would have...
...Chinese government might have reservations about the deal, observers note. Among the sticking points, China's National Development and Reform Commission has said publicly the purchase of Hummer is inconsistent with China's effort to become greener. In addition Sichuan Tengzhong has no experience building vehicles for the retail market...
...Britain has long permitted doctors to prescribe heroin for a small number of hard-to-treat patients, but in the 1970s and 1980s doctors became reluctant to prescribe doses high enough to actually work, fearing patients would sell them on the black market. "It was a lose-lose situation," says Strang. Then, in the early 1990s, researchers from Switzerland, which was witnessing a dizzying spike in heroin use, came knocking. "They saw what we were doing and said, 'We can do better,' " Strang says. (See pictures of cannabis culture...
...their ancestors had never known. Chinese state and society have also reconnected with the past, emphasizing Confucian and Buddhist values. More than 200 million people have been lifted out of poverty and the members of a growing middle class with disposable income travel abroad, invest in the stock market, dine out and decorate their stylish apartments with furniture purchased from stores like Ikea. Access to education has become far more widespread. Some 21 million students attend university today, while an estimated 300,000 study abroad every year. Approximately 206 million Chinese children attend primary and secondary schools. Basic literacy...
...world economy is showing signs of recovery, stock markets are soaring and bankers are again awarding themselves big bonuses. But one year after the financial conflagration that devastated Wall Street and burned financial institutions around the globe, the main firefighters - central bankers, market regulators and government policymakers - continue to struggle with a central question: How do we prevent it from happening again...