Word: recentering
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...Wyss, says he thinks most economists are tackling the tricky problem of predicting what will happen in 2011 by doing what they always do: predict the economy will do about average. The problem is that what economists have come to believe is average growth for the U.S. economy in recent years has been falling. The Congressional Budget Office recently said it expects that the U.S. economy will grow on average about 2.2% a year. That's down from a trend expectation of about 3% just a few years ago. "The economy will feel better in 2011," says Wyss. "But that...
...general, the projection for late 2010 and 2011, when much of the stimulus spending will have run out, is that the economy will continue to grow but at a rate slower than past recoveries. A recent poll of economists by the newsletter Blue Chip Economic Indicators found that on average, economists expect the economy to expand 2.7% in the fourth quarter of 2010. That's faster than the economy is growing today, but not what you would expect in good times. "The rule is that the deeper the recession, the more robust the rebound," says Blue Chip editor Randy Moore...
...shortly after the region watched a tense handshake unfold 5,000 miles away in New York City with Palestinian Authority President Mahmoud Abbas, leader of Fatah, which controls the West Bank, and Israeli Prime Minister Benjamin Netanyahu. U.S.-led attempts at jump-starting the Israeli-Palestinian peace process in recent months have failed, in large part because of Israel's refusal to freeze construction of Jewish settlements in the West Bank. Egyptian-mediated talks aimed at reconciling rivals Fatah and Hamas have yet to see a breakthrough as well...
...side to stop their military activities against our people," Taher al-Nounou, a Hamas government spokesman, told TIME. "And I think it's a good policy." But al-Nounou warned that rocket fire from Gaza remains a legitimate response to Israeli offensive action, citing that as justification for a recent rocket attack by fellow Islamist group Islamic Jihad. "If the Israelis stop all their attacks, there will be no rockets from [Islamic] Jihad and the other big movements," al-Nounou said. Islamic Jihad and other Islamist groups are believed to be behind almost all of the rocket attacks since...
...recent U.N. report estimates that 1,387 civilians lost their lives, and much of the Gaza Strip's infrastructure was destroyed, in Israel's January invasion. The government and aid groups have been unable to rebuild because of an Israeli blockade that bars the import of cement and other building materials. The U.N.'s Ging says it was local frustration with the blockade - now in place for more than two years - that led to the spike in Hamas rocket fire, which in turn sparked Israeli bombardment in late December 2008 and invading troops on Jan. 4. Now, he warns...