Word: nationalizes
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...economic stewardship - a vociferous chorus of critics is calling for a coup to topple King Dollar. In late March, Zhou Xiaochuan, the governor of China's central bank, said the global economy would be better off with a "supersovereign" reserve currency, in place of one issued by a specific nation - in other words, the dollar. "The frequency and increasing intensity of financial crises," Zhou said, "suggests the costs of such a system to the world may have exceeded its benefits." Zhou recommended turning Special Drawing Rights (SDRs), the unit of account used by the International Monetary Fund (IMF), into...
When Bob Schieffer of Face The Nation asked Secretary Geithner if the Administration would have to go back to Congress for more stimulus money because of rapidly rising unemployment, the bureaucrat refused to answer directly, acting as if he believed he would be struck by a bolt of lightning if he did anything beyond dissembling...
...budget, stimulus package, and bank bailout assumptions for employment and revenue are no longer right, the government's pot for solving the nation's economic problems is already light. The Administration's forecast is that unemployment will average 8.1% this year and 7.9% next year. The CBO estimates are a bit higher. Based on where unemployment stands now and where it will likely be at mid-year, none of those numbers is even remotely realistic. (See pictures of the Top 10 scared traders...
...unifying gloss that cricket gives to a nation like Pakistan is far too thin. Pakistan's doom is that religion continues to be the primary basis of identity for this artificially created state, to the detriment of everything else. While the state champions a rigid sense of identity, the land reforms and economic, social and legal reforms that are critical to nurturing democracy and development have been totally ignored by feudal lords masquerading as politicians and hell-bent on retaining power. East Pakistan split away to become Bangladesh; given half a chance, Baluchistan or some other restive regions would...
...spending is linked to chronic health problems, many of which are preventable. If we can help Americans live healthier, we can reduce disease and decrease health-care spending. The American Medical Association is committed to reform that covers everyone with a choice of portable insurance, increases the value our nation receives from its health-care spending and enhances prevention and wellness. We need a better system for America's patients and the physicians who care for them. Nancy H. Nielsen, M.D., President, American Medical Association, Washington...