Word: propped
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Dates: during 2000-2009
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...Someone will have to pay for this mess, and not just the cows. The European Commission says its budget can cover only a 10% decline in beef sales, which would leave governments to prop up national markets on their own. That means a higher bill for grumpy, tofu-eating taxpayers. Which is why those European politicians who ignored warnings about the threat of bse and then lied about it are frenetically trying to shift blame for the crisis. French Agriculture Minister Jean Glavany said last month that Britain should be "morally condemned" for spreading the disease on the Continent...
...Senate GOP aide. And so the wealthy - who would get the lion's share of tax relief under Bush's plan - were kept out of sight last week. Instead, Bush flew in middle-class "tax families," with little girls in velvet dresses and boys in penny loafers. Best prop for the cameras: a single-mom waitress with two kids making $32,000 a year. (She would get $1,500 back from the government, according to Bush.) Asked by reporters where the rich tax families were, the President said he represented them...
...turned off his heaters and watched the temperature in his 360-sq.-ft. greenhouse drop as low as 40[degrees], which has left his roses in as sorry shape as his shrinking bottom line. Then late last week Neve, like so many Californians, got another nasty shock: to help prop up its two largest, ailing utilities, the state gave the go-ahead to raise electricity prices 7% to 15% for a period of 90 days. Neve estimates that only a quarter of his ailing crop will make the cut for Valentine...
...caused, or at least deepened, by people doing smart things--tearing up credit cards, limiting purchases to stuff they really need. But when practiced in bulk, such level-headed frugality can shut down the economy. Friends, that's a risk you'll just have to accept. Let others prop up the economy if they can; you take steps to survive. Here...
...waiting for efficiencies to move outside the office and wired-everything technologies to mature. It happened after the Industrial Revolution, too. But when tech turns human, we're an ordinary economy, and one in an old-fashioned business-cycle global downturn at that. Tech has not been around to prop up America this fall, and so the rest of the world is sinking too. Rate cuts are coming in the spring - maybe sooner - but the NASDAQ is drowning in its own dashed expectations. Greenspan won't be able to save it until it saves itself...