Word: recentered
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From this anti-Depression policy has come a stream of costly policy errors that could ultimately prolong the current recession. The Fed's Dec. 16 decision to drop the target federal-funds rate to a record low of 0% to 0.25% is but the most recent of these. With rates already effectively trading near zero despite the Fed's previous target of 1%, the decision does not actually change rates and only sends a negative message about the state of the economy. That worsens confidence. And now the target rate has nowhere else to go, so the Fed will have...
...cheap labor. Mexico's average hourly manufacturing wage is still only about 13 percent of that of the U.S., but even with that persistent disparity, most jobs these days aren't being shipped to America's southern neighbor. Instead, they're going to China, whose explosive economic growth in recent years has posed a far more serious threat to all North American employment...
...table. Mexico would undoubtedly want to discuss the U.S.'s new, restrictive migration policies and high corn subsidies for U.S. farmers, which hurt Mexican farmers. Canada may want to pursue new energy trade policies. Mexico's current conservative government has opposed reopening the terms of NAFTA, but recent political fractures in Canadanot to mention an increasingly complex global economic situation will likely keep the debate lively well past NAFTA's next anniversary...
...Workers Party and supposedly the Castros' leftist soulmate - is perhaps Latin America's most acclaimed capitalist leader. Capitalism's excesses get deservedly excoriated for causing today's global catastrophe. But even Venezuela, which helps prop up Cuba's economy with cut-rate oil, has made it clear in recent elections that it's not the socialist hotbed that its left-wing President Hugo Chávez dreams of. Yes, the hypocritical drill among Latin leaders is that they censure Washington publicly but Havana privately. Still, most of them believe Cuba is as out of step with the rest...
...issues like the financial crisis and the Lisbon Treaty, officials say. Topolanek has insisted that the E.U. is vital for the Czech Republic, given its Soviet-era past. "It's by far better to kiss the German Chancellor than to hug the Russian bear," he wrote in a recent newspaper article for the Mladá Fronta DNES...