Word: programming
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...Office of Management and Budget. "For example, there were WPA projects for artists and writers. In the 1970s, we put people to work during recessions doing useful things. These were mostly lower-skills jobs such as teaching assistants, home health-care workers and cleaning up parks. A similar program today could help a great deal with the high level of unemployment among young people...
Shierholz says policymakers should begin thinking about a second stimulus package focused on a jobs program. "If we passed a $200 billion jobs bill, that could create roughly 4 million jobs paying between $40,000 and $50,000," she says. "Four million temporary public sector jobs, for a year or two in duration, would bridge the employment gap while the economy recovers." Voting against the $787 billion measure, GOP Senator Lindsey Graham of South Carolina said, "There are so many things in the package completely unrelated to creating a job in the next 18 months." Only 11% of stimulus money...
There are those who caution against a jobs program. Heritage Foundation scholar Brian Riedl is skeptical about the benefit. "Every dollar that Congress injects into the economy must be first taxed or borrowed out of the economy," says Riedl. "The jobs we create in one county come at the cost of jobs in another county. It is a zero-sum game." Riedl believes there are times when government action is called for on humanitarian reasons. But in terms of economic growth, he says, "the only government spending that creates a net bonus for the economy is spending that results...
Nevertheless, two weeks ago, White House economic adviser Christina Romer signaled that the Administration would consider a new stimulus measure if it did not see strong results from the current package. Prominent economists like Joseph Stiglitz say more stimulus is necessary to drive the economy forward. A jobs program focused on the nation's hardest-hit regions could have an impact. Nationally, 1 in 5 construction workers are unemployed. According to the American Society of Civil Engineers, the nation has $1.5 trillion in unaddressed infrastructure needs. "Clearly there are projects that need to be done," says Shierholz...
...Korean leaders since the end of the war. The meetings came as part of Kim's so-called Sunshine Policy, which sought economic and diplomatic engagement with Pyongyang. His hope was that a more dovish stance toward the North would convince Pyongyang to rid itself of its nuclear-weapons program. He explicitly stated that reunification of the Korean peninsula would come only after a long period of "peaceful coexistence" with the North. The stance infuriated conservatives in South Korea, who thought Kim's hope for change in the North was naive...