Word: output
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...might say the same has happened to the global economy. In the hangover of a credit binge fueled by about a trillion too many real estate dreams, the International Monetary Fund (IMF) predicts that this year will be the first since 1945 to see a contraction in world economic output. The London summit is designed to both ameliorate the present crisis and try and head off future ones. (See pictures of the global financial crisis...
...world economy is shrinking as corporations, households and especially financial institutions rebuild their balance sheets and unwind the massively leveraged positions they took in the past 10 years. To put some heft back into the economy, the IMF has recommended an injection of demand equivalent to 2% of world output. The U.S. has taken the lead on a stimulus package, but some European nations - which tend to be wary of long-term national budget deficits - have balked at the size of the new resources required...
...This destruction and rebirth in the news business is not the tragic passing of a golden era, the frightening end of high-quality journalistic output, or the downright terrifying onset of an epoch of public corruption unchecked by an active press. The talent that enters the industry will be the very same; their desire to build reputation and trust will continue. Their principles and standards of conduct, never perfect and always human, will carry over into the new economy. Even the customers of the news—citizens desirous of being well informed or requiring certain information—will...
California wants to run on sunshine. The state is forcing utility companies to provide 20% of their output by way of solar power and other forms of renewable energy by 2010. Last November, Governor Arnold Schwarzenegger said he wanted the portion to be one-third by 2020. Now the feds are bringing the money to help fund all this sunny energy, with the Obama Administration's stimulus package promising to pay for 30% of solar-power projects that begin...
...plans, that means an explosion in government debt after the current recession ends, with sustained deficits even larger than the ones caused in the 1980s by the policies of Ronald Reagan. The national debt, the CBO calculated, would go from 41% of the size of the nation's economic output in 2008 to 82% of the economic output in 2019. In other words, if the CBO estimates play out without a change in policy, Obama is on track to accomplish exactly what he promised to change during the campaign, creating a massive burden for the next generation to fund politically...