Word: shoveling
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...fiscal deficits of the PIIGS are among the highest in Euroland. Their unit-labor costs have risen faster than anywhere else. So their exports can't compete; hence they run some of the largest current-account deficits. What do you do when you shovel coal and run out of fuel? You borrow - as the PIIGS have done. The markets have cast their verdict on that. Now, Greece has to borrow at twice the interest rate that German bonds fetch...
...public and wildly popular on Capitol Hill. Obama's push to expand the loan guarantees was one of the only bipartisan applause lines in his State of the Union address. New nukes are a priority for unions as well as for utilities; the Vogtle project, while not exactly shovel-ready, is expected to create 3,500 well-paying jobs if dirt starts moving next year. Meanwhile, Republican politicians who don't believe in global warming and didn't even want the word French in their fries can't stop talking about French nuclear plants that slash French emissions and produce...
...Goliath, or to imagine, while excavating the cellars of a Byzantine church, that the discovery of a few wooden splinters might be part of the cross on which Christ died. This milder malady is nothing new. In the mid-19th century, British explorers who came to Jerusalem with a shovel in one hand and a Bible in the other used the holy book as a sort of treasure map in the search for proof of Christianity's origins. (See a video of archaeology digging up controversy in Jerusalem...
...SHOVEL-READY’ PROJECTS
...Obama administration’s focus on “shovel-ready” projects meant that many Harvard researchers were able to move forward on projects that were not fully funded at the time...