Word: plan
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Last Thursday, President Obama and his economic advisers started a locomotive of change. Instead of merely attempting to patch the ailing economy, this comprehensive budget plan promises to “rebuil[d] its foundations.” Saturated with spending projections for health care, carbon-emissions caps, and education, the budget also prudently identifies funding sources, turning what may have been a blunt instrument into a refined tool. In short, the budget is another excellent step toward economic recovery...
...while the mechanics of this new health-care system may be more efficient, the overall insurance plan may not be. Some argue that many remain uninsured because they simply decide not to buy insurance—perhaps because of young age, for example. To avoid paying for those who can afford insurance, Obama’s team should encourage Congress to include a market mandate, which would require Americans to opt in to plans they could afford. This would help to avoid subsidizing those who do not need subsidies...
...plan, announced by CEO Andrew Witty on February 13 in a speech delivered at Harvard Medical School, would limit prices in the 50 least developed countries and give back a portion of the profits gained in these countries toward programs to expand their health-care capacity. More surprisingly, GSK also announced that it would allow outside researchers access to some of its patented medical technologies in an effort to facilitate more research aimed at so-called “neglected diseases,” or diseases that currently suffer from a severe lack of research funding...
While the U.S. has been debating how to bail out GM and Chrysler during the worst auto industry slump in decades, China has been scrambling to come up with its own rescue plan for its ailing carmakers. But unlike Washington, which is providing billions of dollars to prop up the balance sheets of the Detroit giants, China is taking a different route: it's trying to get consumers to buy more cars through a sales tax break and targeted subsidies for rural buyers...
...cuts are part of China's efforts to revive its economy, which is suffering from dramatic drops in exports and investment, through a wide range of stimulus measures. In November Beijing announced it will spend $586 billion this year to promote growth. While few details of the stimulus plan have been made public, the government says it will use tax cuts and loans to aid 10 key industries including machinery manufacturing, steel, textiles, oil, shipbuilding and electronics. (See 10 things to do in Beijing...