Word: savings
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Dates: during 2000-2009
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...Carlos Gardel sang about “returning, with the withered forehead; the snows of time, silvering one’s temple.” When it comes to the Cuban Revolution, which has just turned 50, very few people can actually return to those distant days of 1959. Save perhaps the Castro brothers and a meagre number of his septuagenarian ruling elite, we have all been told or have read about Cuba and its revolutionary experience. Regardless of whether we love or loathe them, we must conceive of those memories critically, for they speak as much about Cuba...
...truly effective stimulus plan jolts the economy by lifting consumer confidence, since tax cuts can only increase economic activity when people spend, not save. A bigger plan would undoubtedly lead to more consumer confidence, especially if Obama had been brave enough to break the trillion-dollar mark. The flurry of news headlines and television news stories that would accompany such a big figure would show the public that Obama is serious about bringing up the economy, and hopefully motivate them to spend...
...former executive producer at ABC's Good Morning America and a senior broadcast producer at NBC Nightly News, Ben Sherwood has written a new book, The Survivors Club: The Secrets and Science That Could Save Your Life, that discusses, among other things, what you can do to survive a plane crash. Sherwood talked to TIME shortly after a US Airways flight made a crash landing in the Hudson River. (See pictures of the Hudson River plane crash...
...Obama's upcoming American Recovery and Reinvestment Plan. It will include a mix of tax cuts, aid to beleaguered state and local governments, and spending to address needs ranging from food stamps to computerized health records to bridge repairs to broadband networks to energy-efficiency retrofits, all designed to save or create 3 million to 4 million jobs by the end of 2010. Obama has said speed is his top priority because the faster Washington injects cash into the financial bloodstream, the better it stands to help avert a multiyear slump with double-digit unemployment and deflation. But he also...
...other hand, some initiatives have negative tails - spending money now saves it later. That's one reason Obama is so keen on energy efficiency; retrofitting 75% of federal buildings would curb emissions and set a powerful example as well as slash government energy costs for years to come. Obama also wants to invest in computerizing health records, which would cost tens of billions up front but could save hundreds of billions in government health costs. "At some point, we've got to start turning this around," says Democratic Congressman Ron Kind of Wisconsin, who wants the stimulus to create...