Word: savings
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Dates: during 2000-2009
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...your health, studies of population trends in developed economies have revealed that during economic downturns, mortality rates decline rather than increase. This trend is partly the result of a drop in traffic fatalities - perhaps because rising unemployment means fewer people commute to work or because people are trying to save on gas - but also of less easily explained drops in factors such as cardiovascular and liver disease, influenza and pneumonia. In one groundbreaking study in 2000 on the impact of joblessness, for example, Christopher Ruhm, an economist at the University of North Carolina at Greensboro, examined statewide mortality fluctuations...
...review of such studies published on Monday, Aug. 31, in the Canadian Medical Association Journal, Stephen Bezruchka of The University of Washington School of Public Health suggests the results could be explained by declines in smoking, excessive alcohol consumption and overeating during recessions as people look for ways to save money. What's more, he writes, people have more time for friends and family during times of higher unemployment. (See pictures of TIME's Wall Street covers...
...Moreover, as Japanese must rely on private savings as their biggest cushion when times are tough, they tend to save more than they would otherwise. Even workers eligible to receive government benefits cannot rely on the public pension system for adequate retirement funding. In short, this thin social safety net perpetuates the population decline and prevents private consumption from rising to offset the shrinking number of consumers. You can't expect the population and the economy to grow by guaranteeing survival to only the oldest workers and businesses while subjecting everyone else to market forces...
...Block Re your cover story, "Can China Save the World?" [Aug. 10]: Throughout years of turmoil and political instability, the Chinese have often suffered the prejudice and discrimination of Westerners. However, in recent times, China has opened up, transforming an impoverished country into a miracle of history. With a booming economy, a huge population, remarkably high economic growth and with more affluent Chinese willing to spend big bucks on luxury goods, no wonder investors from everywhere are pouring much of their resources into the Chinese market and trying hard to woo many Chinese consumers and companies to their own homelands...
...majority of 51 Democrats. Theoretically, that would allow President Obama and the Democrats on Capitol Hill to declare victory, and return to finish the job another day. But in practice, a smaller bill would fall far short of covering the estimated 45 million or so uninsured. While that would save the federal Treasury money in the short run, health-care experts warn it would make it impossible to contend with the larger forces that are driving up health-care costs and burdening the economy as a whole. For instance, the uninsured would continue to show up for treatment...