Word: moneyitis
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Sure, the authoritarian rulers in Beijing can sometimes implement policies more efficiently than the argumentative democrats of the West. That's exactly why Beijing's recession-busting stimulus plan proved more effective than Washington's. With no political debate to get in the way, China's bureaucrats splashed money everywhere to toss up shiny new infrastructure. The slumping economy needs more credit? Well, that's easy - if you own the banks. Just open a spigot and watch the money flow. China's government can also push ahead on important long-term projects with greater speed. While health care reform...
...With our grant from DAPA, we used the money to buy flavored blood orange sodas,” says Amelia G. Mango ’10 who has been awarded grants on behalf of the Center for European Studies’ annual Garden Party and Ball. “I think DAPA fills a sort of unique need...
With spending from the National Institutes of Health declining in real terms over the past five years, competition for grant money has been fierce, and the percentage of successful NIH grant applications dropped from 32 percent in 1999 to 22 percent...
...little agency (250 employees). Over the past year, the CBO took on particular importance in determining the shape and even the fate of Obama's signature domestic initiative, health care reform. It is the CBO that will decide the politically loaded question of whether reform actually saves the Treasury money or instead adds to the deficit. (So far, the CBO has given it a thumbs-up.) The President has focused even more attention on the CBO's numbers by insisting that any bill reaching his desk not add to the deficit over the next 10 years. Obama has even...
...month were dying. It's almost impossible as an outsider to understand why the Pentagon would not want to build the mine-resistant ambush-protected vehicles, known as MRAPs, that would have saved many of those soldiers' lives. Instead of budgeting for MRAPs, the Pentagon was still spending money on outdated weapon systems. So Gates bypassed the normal procurement process, created a special task force, went to Congress and got the money to build them. "Those vehicles saved hundreds of lives and limbs," says a senior Pentagon official. (See TIME's photoessay "Beers at the White House...