Word: smalleness
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...closed courtrooms handled criminal, family law, civil law along with complex litigation and small claims case loads. Similar cuts are taking place in courts across the state. McCoy says the 100,000 Angelenos who use the courts each day can expect growing case backlogs, longer lines and delays in processing judgments. Among those losing their jobs: clerks, court reporters and supervisors. Judge Marjorie Steinberg says her family law departments are losing mental health professionals who help parents negotiate their disputes before they go to court: "You can imagine how tough that is on a family, and on the children, whose...
...These new companies are key to job growth. People talk about small businesses being such great generators of jobs, but a more precise assessment is that young businesses are. John Haltiwanger, an economist at the University of Maryland, has been studying government data for 25 years and has determined that about a third of all new jobs created come from start-ups. Furthermore, young companies add jobs faster. From 1980 to 2005, the typical 15-year-old firm added jobs at a rate of 1% a year, the typical three-year-old firm at a rate of 5%. "These...
...Easing the flow of credit, especially to small businesses, has also been a major policy push - and a tricky one to size up. The efficient reallocation of capital is key to any economy but especially to one like the U.S.'s, which counts on dynamism as a competitive advantage. Lending to businesses is down; that much is true. But is that because banks are overly cautious and asset-impaired or because businesses are uncertain about the future - or just aren't creditworthy borrowers? A recent survey by the National Federation of Independent Business found that companies that couldn't borrow...
...spare them from destitution and believed it their right to do so. "We take our children as our property," says Fernando Cheung, former head of the Hong Kong legislature's welfare panel. "Asian culture dictates that they're ours, that they are not independent beings, especially when they're small...
...relative able or trustworthy enough to care for the children. "In Hong Kong, it's common not to know neighbors who have been beside you for 10 years," says researcher Yip. While social and mental-health workers have been asked to pay close attention to depressed parents of small children, professional help remains thin on the ground in Hong Kong and is no substitute for a strong personal-support network. "It is packed here," says Yip of a city whose population density, at its highest, exceeds 50,000 per sq km. "Physically we are very close, but emotionally we could...