Word: shorted
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...hours, and the Hsinchu Science Park Administration predicts that only around 25% of hi-tech park professionals will be on forced leave in April. Back in London, John Philpott, the public-policy director of a lobby group called the Chartered Institute for Personnel and Development, sees the rise of short-work programs and pay cuts in industry as a natural reaction to the crisis. In the case of accountants KPMG, he says, "if you have a highly skilled workforce that you don't want to lose, it can make a lot of sense." But the idea of governments getting involved...
...chief economist Klaus Schmidt-Hebbel argues forcefully that governments should do more to retrain workers and overhaul their labor-market policies to ensure that once recovery comes, new jobs are created in sufficient numbers to swiftly bring the jobless rate back down again. But ask him about the German short-work measures, and he's skeptical. "They can't stop rising unemployment," he says, "they just delay it." Indeed, in its latest economic forecast released March 31, the OECD expects unemployment in Germany to rise from its current 8.6% to 11.6% by the end of 2010 - higher than many...
...fact, Obama is betting his presidency on our ability to change our behavior. His top priorities - the economy, health care and energy - all depend on it. We need to spend more money now to avert a short-term depression, then save more money later to secure our long-term economic future. We need to consume less energy in order to reduce our oil imports and carbon emissions as well as our household expenses. We need to quit smoking, lay off the Twinkies and avoid other risky behaviors that both damage our personal health and boost the costs of care that...
...wants government to let us alone to do what we want, behavioral economics leaves room for government action to help us do what we would really want if we were rational agents. Unfortunately, the qualities that have crippled Washington in recent years - inertia, denial, allergy to complexity, preference for short-term gratification over long-term planning - are our own flaws writ large. Members of Congress are people too; they're likely to embrace change only when it's easy, popular and rewarding. Do we really want them trying to change...
...like wildness emphasizes his pathetic fall from the military, society, and humanity. In addition, Lind captures his subjects with kind of dual childishness and precision; in sketching the form of Bachmann’s girlfriend Helga, he writes, “Before their eyes stood a Valkyrie in a short blue dress, disclosing stout calves and powerful knees that gave promise of heavenly thighs… Her breasts were bigger than the legendary blue mountains and just as unlikely, her bottom was as round as a terrestrial globe.” In doing so, Lind persuades the reader...