Word: optionable
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Cash for Clunker Careers What to do? If your goal is to create jobs, you have two choices - and one painful fact - to confront. The painful fact is that the 1930s option, to have the government directly employ millions of people in labor fronts, is not an option today. "There's no way to create real jobs using this approach," says Harvard professor Roberto Mangabeira Unger. In the 1930s, you could throw 10,000 people with shovels at dam or road projects. Today the work of 10,000 shovels is done by a few machines...
...government can't hire everyone, where will jobs come from? One option would be to rely on traditional strategies: if we create demand through growth, cheap money and massive government spending, then some jobs will return. In the meantime, train people for whatever work they can get - fast food, nursing, you name it. But if we're in a posthysteresis world, then just adding gas to the economy won't be enough, and making cheap low-end jobs won't deliver a workforce capable of sustaining competitive growth. "There's no use making economic change if you don't have...
...decision provides a huge boost for Merkel, whose conservative Christian Democrats are already well ahead in the opinion polls. Opel employs 25,000 workers in Germany - around half of GM Europe's total workforce. German unions threatened mass demonstrations if GM decided to keep Opel, fearing that option would lead to thousands of job losses in Germany. With the green light for Magna, Merkel has received an important psychological boost and can now tell voters on the campaign trail that she managed to save German jobs...
Another goal of the speech, officials say, was to install a circuit breaker - not only to the mythology and false claims about the legislation but also to the wars that have been waged between the left and the right over actual provisions. Chief among them: the "public option," a government-run alternative like Medicare to cover the uninsured. "What's happened is that has become sort of a Rorschach test for the left and the right," the White House official said. "There are those on the left who believe this would be the nose under the tent for single-payer...
...even as Obama expressed his support for the public option, he downplayed its significance, calling it "only a means to [the] end'' and noting that just 5% of Americans were likely to sign up. (Indeed, one factor often overlooked in all the shouting is that under most of the versions of the bill that have been proposed, as well as Obama's own, the majority of Americans who get health coverage through their employer would not be eligible to buy into a public option, or any of the private ones that would be offered under the newly established state marketplaces...