Word: size
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Dates: during 2000-2009
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...this idea cannot be overstated. Now, without proof that cities can revolutionize their worst schools, there is always a fine excuse. Superintendents, parents and teachers in urban school districts lament systemic problems they cannot control: poverty, hunger, violence and negligent parents. They bicker over small improvements such as class size and curriculum, like diplomats touring a refugee camp and talking about the need for nicer curtains. To the extent they intervene at all, politicians respond by either throwing more money at the problem (if they're on the left) or making it easier for some parents to send their kids...
...billion. Already that seems timid. Jan Hatzius, chief economist for Goldman Sachs, is telling clients he expects Obama's stimulus package to be $400 billion to $500 billion a year in order to compensate for a retrenchment in personal spending. Regardless of the final size, here are some of the likely elements of Obama's plan...
Depending on what Summers and Geithner propose, the size of the total package could easily top $500 billion in the first year, dwarfing the $150 billion stimulus Bush pushed through Congress in February. The inertia that typically keeps Congress from spending itself silly has gone on vacation: Republicans are in retreat, and even they agree that something dramatic is necessary. If anything, only the President-elect is talking about scrubbing the federal budget carefully for savings...
Citi is not the first bank to hit the wall. When Washington Mutual, which had a balance sheet less than a third the size of Citi's, went down, the FDIC immediately flipped the company to JPMorgan Chase. But marrying off Citi was not a viable option. "There isn't anyone to hand Citi to," says Roy Smith, a professor of finance at New York University's Stern School. "This is the King Kong of banks." (See pictures of the global financial crisis...
...between U.S. and Latin American nations. "On balance," the authors argue, "the impact of immigration on the U.S. economy has been significant and positive. Estimates of the net benefits to the U.S. economy put immigrants' net contribution at $50 billion per year. Immigrants boost economic output by increasing the size of the U.S. workforce and the productivity of American firms...Immigrants pay enough or more in federal, state and local taxes to offset what they consume in public services." 3. On "rethinking a troubled relationship" with Cuba: "U.S. policy should be reframed to enable legitimate Cuban voices to shape...