Word: move
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...Urban Institute, estimates that up to 700,000 people could exhaust their extended benefits by the second half of this year. Since net job losses could continue well into 2010, and unemployment is likely to top 10%, the figures for people receiving no financial support at all could move well above one million before the end of the year and actually increase after that. (See pictures of the global financial crisis...
...Most people who have no income will not live in shelters or on the streets. They will move in with friends or relatives. They will only be homeless to the extent that they no long have a place of their own to live and cannot afford one. It is a form of displacement that has not been seen in America since The Depression and one which replaces the government's assistance for the individual back with the social network of the community, whether that is the community of the family or some other close knit network...
...current credit environment, that cash is highly unlikely to come from any source other than the U.S. government. In that case, the sums needed for the TARP and other programs will almost certainly increase. And, the amount could easily be several hundred billion more dollars. Rising unemployment will also move the budget deficit higher by several hundred billion more dollars in the next two years because of the need for additional capital to stimulate the economy and a shortfall in tax revenue from people who were not supposed to be out of work. (See pictures of the global financial crisis...
...free market crowd still wants to let the capitalist system sort itself out without substantial government intervention. They posit that, no matter how painful the adjustment, it is better for the economy to move to or beyond the brink of collapse on its own so that the resulting inexpensive labor, goods, and services can eventually cause a tiny spark of demand which will eventually turn into a raging recovery. These analysts may be right, but nearly everyone is frightened by the prospect of the carnage which would go along with the economy "improving itself" without government intervention. If unemployment gets...
...format of next year’s guide, eliminating the need for student involvement in the guide’s creation. In an e-mail sent to summer applicants last Thursday, Q Guide editor Charles C. Bridge ’11 wrote that the change in content and move to an online-only edition meant that no students would be hired to work for the publication. “This means that there will be no Q Guide staff this year—not only do Alex and I no longer have jobs to offer...