Word: moribundity
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...elect Barack Obama prepares to throw money at the current downturn - a stimulus package starting at about $800 billion, plus the second $350 billion chunk of the financial bailout - we all really do seem to be Keynesians now. Just about every expert agrees that pumping $1 trillion into a moribund economy will rev up the ethereal goods-and-services engine that Keynes called "aggregate demand" and stimulate at least some short-term activity, even if it is all wasted on money pits. (See pictures of the recession...
...very basis of Abbas' negotiations with Israel may be moot. The Bush Administration's peace plan, based on a Palestinian state and Israel's living side by side, is moribund. For all practical purposes, there are two Palestinian states. Abbas, who rules the West Bank, has no leverage in Gaza, where Hamas reigns supreme. Neither Israel nor the U.S. has been prepared to deal directly with Hamas, which doesn't recognize Israel's right to exist. But without a seat at the negotiating table, the militants have little to lose by escalating violence. In Gaza, most Palestinians blame Israel...
...serious as they claim about democratizing Cuba, they'll find more creative ways than a globally condemned embargo to engage the island. If Raúl Castro and the aging generals around him are as serious as they say about working to end the embargo and revive Cuba's moribund economy, they'll loosen the island's political leash. (See pictures of music in Cuba...
...Nevertheless, after a dispiriting few months in which Thais have seen their country's near-term economic prognosis go from ailing to moribund - in large part because of the anti-government protests that convulsed Bangkok and scared away tourists and foreign investors since August - the prospect of a Prime Minister who will not cause hundreds of thousands of yellow-shirted protesters to flood the streets must be a relief. True, Thaksin's supporters, who wore red clothes during their rallies to contrast with the opposition's yellow shirts, are hardly pleased. But in a sign that there...
...horribly awry. After Japan's stock-and-real-estate bubble burst in the early 1990s, the economy staggered along for half a decade until the government finally stepped in to restructure the financial sector. During the Asian financial crisis of 1997-98, state action was crucial to rebuilding moribund banks and companies...