Word: saves
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...rate, China's economy is not yet large enough by itself to keep the global economy surging. The country accounts for only about 5% of total world GDP; the U.S. is responsible for 28%. "China's strength can help," says UBS's Wang, "but it's not enough to save the world." China may be lucky just to save itself...
...Less-leveraged business, in fact. The irony is that in the deleveraged society the U.S. is in the process of becoming, it's the careful consumer who may ultimately bail out the economy. Ashworth believes the U.S. savings rate will rise to 5% of GDP over the next two to three years. "We're going to save more and spend less, because now we don't have a choice," he says. That increase in savings, he figures, will amount to some $1 trillion - about the projected size of next year's deficit...
...what we are unlikely to hear from any elected official: that thrift is an important virtue and that our failure to practice it has helped bring on the current economic collapse [Oct. 13]. Those who lived through the Great Depression endured a scare that prompted them to scrimp and save, something the current generation does not do. Now Americans generally believe they are entitled to whatever they want without regard to whether they can afford it. The list of what we have come to consider necessities would stun those from most other parts of the world. Oren Spiegler, Upper...
...would make it to 1946, but we're all still here.) When there's an immediate crisis to battle, though, Keynes makes for a reassuring companion. While he is sometimes depicted by U.S. conservatives as a wild-eyed socialist, his actual mission in the 1930s was to save capitalism. Now that capitalism may need saving again, is it any wonder that we turn again to Keynes...
...lemurs can be seen in the mornings dancing through the trees. This is one of the main reasons to go all the way to Madagascar--to see endangered species that exist nowhere else. The other reason is that your presence--or, more specifically, your wallet's presence--can help save the last remaining habitats of these animals by fighting local poverty...