Word: plan
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...this crisis much more swiftly than his Japanese counterparts did in the 1990s. His nickname is "Helicopter Ben," because he believes it's the government's job to litter the landscape with money, if necessary, to prevent economic collapse. No surprise, then, that he endorsed the Treasury's plan to inject capital directly into the banks and this week backed yet another stimulus package for the economy...
...payments have gone up, Adams' income has gone down. His firm has lost three projects over the past year as commercial developers canceled jobs. As a result, he and his wife make decisions that ripple through the economy. He cashed out of his 401(k) to pay bills. A plan to buy a new car? History. They took their son out of an expensive private school. Credit cards? They don't use them anymore. "Debit cards and cash only," says Rachel...
...when it went in. Like in the U.S. today, the crisis swept through the country during a presidential election campaign. Kim Dae Jung, a longtime dissident who ran on a left-leaning economic platform, rocked markets with the suggestion that he might repudiate an International Monetary Fund (IMF) rescue plan. But after he was elected, he not only signed up for a $57 billion IMF package, he embraced even more sweeping reforms than the IMF called for. By the time the storm had passed, some of South Korea's biggest companies had disappeared. Mighty Daewoo, one of the Big Four...
...responsibility." Costs have risen to the point that most employers cannot afford to provide insurance, and individuals cannot come up with the $27,000 a family must pay on average for annual coverage. The only long-term solution is to eliminate insurance companies through a national single-payer health plan, or "Medicare for all." Without the profit motive and with Medicare's demonstrated efficiency, enough would be saved to insure everyone. Richard K. Staggenborg, Coos Bay, Oregon...
...couple ultimately worked out with American a plan to fly to Los Angeles, then on to Tahiti. However, seats couldn't be secured with Air Tahiti Nui, so a more circuitous route had to be taken: from New York to San Francisco to Sydney to Papeete. That itinerary would have the couple traveling some seven hours out of their way and crossing the International Date Line twice. Not the wedding gift they'd hoped...