Word: nationalizes
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Economist Heidi Shierholz of the Economic Policy Institute says the economy has lost 6.7 million jobs since the beginning of the recession and that the stimulus bill thus far has generated 750,000 jobs. But in addition to the nearly 7 million jobs lost, the national economy has failed to add the 127,000 jobs per month needed to keep up with population growth. "The real employment hole is 9.1 million jobs," says Shierholz. "The stimulus bill is great, but it will only generate 3 to 4 million jobs. Now that we can see how dramatically things have deteriorated...
...spending $11 billion on public projects nationwide - was a real jobs program. More than 80% of its budget was dedicated to labor. In a speech at LSU in 1936, the WPA's legendary head, Harry Hopkins, gave a cogent synopsis of his agency's deep effect on the nation. "You can start out from Baton Rouge in any direction and pass through town after town which has water facilities or sewer facilities or roads or streets or sidewalks or better public buildings, which it would not have had but for the Works Progress Administration." (Read TIME's 1945 cover story...
...White House economic adviser Christina Romer signaled that the Administration would consider a new stimulus measure if it did not see strong results from the current package. Prominent economists like Joseph Stiglitz say more stimulus is necessary to drive the economy forward. A jobs program focused on the nation's hardest-hit regions could have an impact. Nationally, 1 in 5 construction workers are unemployed. According to the American Society of Civil Engineers, the nation has $1.5 trillion in unaddressed infrastructure needs. "Clearly there are projects that need to be done," says Shierholz...
...streets to canvas for votes. And while the Aug. 30 general election could be revolutionary - with Japan on the cusp of a regime change that could end nearly 54 years of virtually unbroken rule - candidates' official campaigning methods are far from it. With 12 days to go until national elections, candidates rode in vans, armed with banners, leaflets and loudspeakers for soapbox speeches at train stations and street corners across the nation. But as their names were blared out on the first day of political open season, their campaigns on Twitter and Facebook were silent. One thing that Japanese politicians...
...worshipped, we left - that was it, we never wanted to stay back," says Lesley Fernando, who is Sinhalese and was brave enough to visit the shrine during the fragile truces in the war. (About 7% of Sri Lanka's population is Catholic, with adherents among both of the nation's major ethnicities: the Sinhalese, who are otherwise mostly Buddhist, and the Tamils, who are predominantly Hindu.) But never have pilgrims been seen in such numbers as they were last week. Numbering some 500,000, they still had to go through several security checkpoints to reach the shrine, though each stop...