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Word: recessional (lookup in dictionary) (lookup stats)
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Lawrence Summers, director of the White House's National Economic Council, said last week that the stimulus bill was on track. This past weekend, the President rejected calls for a second stimulus package, saying the current stimulus needs more time to work, since only a small fraction of the money...

Author: /time Magazine | Title: Obama's Stimulus Plan: Failing by Its Own Measure | 7/14/2009 | See Source »

In a report released on July 13, Romer's Council of Economic Advisers says the stimulus bill is creating opportunities for workers in health care, education and energy. The report reiterates that the economists believe the stimulus plan will create 3.5 million jobs by the end of 2010. "The various...

Author: /time Magazine | Title: Obama's Stimulus Plan: Failing by Its Own Measure | 7/14/2009 | See Source »

Interest in cash alternatives has skyrocketed in recent months BerkShares.org logged nearly 42,000 hits a day in April) as the recession has encouraged more innovation. For example, a Vermont business association is getting ready to launch a statewide cashless trading network. Ithaca, N.Y., which has the nation's longest...

Author: /time Magazine | Title: Tough Times Lead to Local Currencies | 7/13/2009 | See Source »

Indeed, the USOC's strategy is mystifying. A Chicago win would be a financial boon to the USOC. Given the buzz around having an Olympics in the States, greater levels of broadcast and sponsorship revenue would trickle down to the USOC and the governing bodies of the Olympic sports. The...

Author: /time Magazine | Title: How Olympic TV May Kill Chicago's 2016 Bid | 7/13/2009 | See Source »

On July 20 a delegation of New Fabris staffers will go to Paris and meet with French Industry Minister Christian Estrosi, who Eyermann says will be asked "to put pressure on [Peugeot maker] PSA and Renault." With both companies having received most of the $8 billion in state aid the...

Author: /time Magazine | Title: French Workers Facing Layoffs Threaten Explosive Action | 7/13/2009 | See Source »

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