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...Buik worries that the bright outlooks ignore the darker realities of relying on government stimulus money to restore economic growth. "Ultimately, states are going to have to cut spending and raise taxes to pay for what they've already spent," he says. "That means a period of fewer public jobs, reduced aid payments and less disposable income in consumers' pockets. Businesses will only start reinvesting money on production and jobs when they're sure demand has returned - and that isn't likely before we see government undertake cost-cutting we know is inevitable." (Read a piece on London as part...
...vaccine. At the head of the line, naturally, were the world's richest nations. "Again we see the advantage of affluence," said Margaret Chan, the head of the World Health Organization (WHO), at a news conference on July 14. "Again we see access denied by an inability to pay." Describing H1N1 as "entirely new and highly contagious," Chan scolded rich countries at the time for hoarding the "lion's share" of the global H1N1-vaccine supply...
Equipped with $1.5 billion of the nearly $800 billion stimulus package, the HPRP started giving out funds in October that some experts believe will help an estimated 600,000 Americans avoid homelessness. The program helps people pay security deposits, utility bills, moving bills and rent checks to either avoid eviction or move from transitional housing into their own apartments. The assistance lasts from three to 18 months. People on the verge of homelessness did not qualify for federal assistance previously, says Housing and Urban Development spokesman Brian Sullivan. "Now we are in the prevention game in a way we have...
...HPRP and intervention by a case manager, the landlord forgave three months' rent. With only one month in arrears and one month of future rent, Mary was able to find a full-time job and arrange for day care, and by the second month, she was again able to pay her rent...
...dependence of both countries on trade with Russia, this still seems like a distant prospect, and some analysts say Kazakhstan's offer to Belarus is most likely a bluff. It would be costly and difficult for Kazakhstan to ship oil to Belarus, and Belarus could not afford to pay fair-market prices anyway, says Denis Borisov, an analyst at Bank Moskvy, one of Russia's largest banks. Kazakh companies could, however, undercut Russian bids for the Naftan refinery, he says, which would be a major blow to Russia's energy strategy in Eastern Europe. (See pictures of the Russia...