Word: righting
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Dates: during 2000-2009
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...doesn't do is incredibly important to the health of the labor market. Trade policy, corporate tax rates, the structure of health care - these things all have a real impact on economic growth. But Washington's tool kit doesn't work nearly as well in the short run. Right now companies aren't hiring for a very specific reason: there's not as much demand for their products and services. Callous as it may sound, high unemployment at the front end of an economic recovery is perfectly normal. (See TIME's special feature, "Out of Work in America...
...reasons to question how effective and efficient such a program would be. First of all, it is misleading to imply that companies aren't hiring because workers aren't cheap enough. As Dale Mortensen, a professor of economics at Northwestern University, points out, workers are a real bargain right now. Unit labor costs - how much a company has to pay people to produce a unit of whatever it is that the company makes - have been flat or falling for all of 2009. Between the second and third quarters, labor costs dropped at an annual rate of 2.5%. "If you just...
...Right now it may be hard to muster much sympathy for Tiger, who could comfortably bandage his wounds in $100 bills and still have a few hundred million to spare. But history's best golfer will undoubtedly seize the chance to repair his reputation the way he earned it in the first place. One Sunday next year, Woods will catch fire, tear past the competition and hoist another trophy. When that happens, let's hope fans remember that public prowess does not equal private virtue, and that we should reserve our adulation for those whom we know are actually deserving...
...After al-Shabab was added to America's list of terrorist nations, a senior operative, Sheik Muktar Robow, told the BBC he was pleased. "Al-Shabab feels honored to be included on the list. We are good Muslims and the Americans are infidels," he said. "We are on the right path...
...capital of Israel - the city was ruled for centuries by Christian and Muslim empires. Today, its status remains disputed. The City of David and the Old City are located in predominantly Arab East Jerusalem, which was captured by Israel from Jordan during the war of 1967, although its right to sovereignty over that portion of the city is not recognized by the international community. The Oslo Accords of 1993, aimed at creating two states, designated Jerusalem a "final status" issue for negotiation between Israel and the Palestinians, and it has been a working assumption of all peace efforts since that...