Word: papered
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Dates: during 2000-2009
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...advisers who wrote the paper, Christina Romer and Jared Bernstein, went on to land key jobs in the Obama Administration. Romer is the head of Obama's Council of Economic Advisers, and Bernstein is the chief economist and economic-policy adviser to Vice President Joe Biden. And the stimulus bill that both economists championed became law in mid-February. What has not come to pass, however, is the boom in job creation that Romer and Bernstein predicted. A little over a month ago, the Administration said the stimulus bill had created or saved 150,000 jobs. That...
...while the stimulus plan may eventually reach its goal, a look at the paper Romer and Bernstein wrote back in January shows that at least for now, the stimulus plan is at best off to a slow start. The two economists did say in the report that they expect the bulk of the jobs created by the stimulus to happen in 2010 and 2011. Nonetheless, the report says that even by the middle of this year, the stimulus bill would have a positive effect on the unemployment rate. Without the stimulus, the two economists predicted, the unemployment rate would rise...
...Then there's his government's defense white paper, released in May. The 140-page document outlines Australia's military aims for the next two decades and specifically mentions China's ascendancy as a reason for an arms buildup. In all, $72 billion will be dedicated to bulking up the nation's armed forces, doubling the submarine fleet and adding up to 100 joint-strike fighter jets to its air force...
...Still, as his defense white paper makes clear, Australia can no longer be confident that it can rely forever on American military protection, as it has since the alliance was forged in some of the most terrible fighting of World War II. The U.S. has many calls on its resources, and Australia is a rich country that can help its allies by helping to look after itself. While in Perth, Rudd visited a navy base where the H.M.A.S. Collins submarine had docked. Descending into the claustrophobic space, Rudd gave a pep talk to seamen who often spend three months...
Issuing an alternative currency is perfectly legal, as long as it is treated as taxable income and consists of paper bills rather than coins. In the U.S., where local currencies were popular during the Depression, the biggest alterna-cash system is in Massachusetts' Berkshire County. Go to one of several banks there, hand a teller $95 and get back $100 worth of BerkShares, a nice little discount designed to reel in users. BerkShares are printed on special paper (by a local business, naturally--a subsidiary of Crane Paper Co., which has been printing U.S. greenbacks since 1879). And since...