Word: problems
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...government can't fix the crisis. Everything the government's tried for the past two years has been wrong. That's why the crisis continues. The idea that you can solve a problem of too much debt and too much consumption with more debt and more consumption is ludicrous on its face. What they should have done is just let everybody go bankrupt, let the bankruptcy courts reorganize everything. The Japanese tried this approach of propping up zombie banks and zombie companies; it did not work. And it's not going to work in America either...
...steep discount to their current market values. To help improve banks' capital bases, the Administration will almost certainly have to take the money it has given and is about to give to banks, and convert it into common stock. That will crush current shareholders and it will create the problem of how taxpayers ever get paid back. (See 10 things to do with your money...
...personal perspective in these fields and the journey that brought him to his current position. He also referred briefly to possible long-term effects of the current swine flu outbreak on health policy, as many of the WHO’s resources are being aimed at that problem. “All this energy gets directed towards a crisis like this,” he says, “But then after that the energy can be dissipated in other areas.” Zucker discussed his conviction that progress in the field of health care is better achieved...
...begin, a stall that some have attributed to the opposition of the army chief and the Nepali Congress. "The fact is that the Maoists took things to the edge, and now face-saving within the party will be difficult," says journalist and Nepali Times publisher Kunda Dixit. "The problem is now not between the army and the Maoists but within the Maoists themselves...
...assimilated into other security forces or given other jobs per the terms of the accord. "Some 5,000 have left - they just got tired of waiting," says Kosmos Biswokarma, spokesman for the U.N. mission in Nepal. "The rest are getting impatient. They want decisive action." Prachanda's biggest problem now will be containing this unrest and finding a solution. Until then, "the first great world experiment of the 21st century" - as Prachanda described the Maoists' political ascension in Nepal in November 2006 - may only yield more instability for the people of this tiny Himalayan nation...