Word: spend
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...senior Evan Harris for a layup. A gorgeous fall-back jumper by Lin punctuated the run, which cut the lead to six, but any hopes for a dramatic finish were soon dashed when the Crimson missed seven of its next nine field goal attempts.“You spend a lot of energy just trying to get back in it, and any time they can raise up and get a three, or get an easy bucket, it just takes the wind out of you,” Amaker said.After a soaring Kenyi layup cut the deficit to 12 halfway through...
...takeaway for liberals was clear: In such a situation, government must spend rapidly and lavishly to avoid a similar fate. This month, Geithner pledged that the administration was “going to do our best” to eschew Japan’s example. Last October, Summers compared the downturn to our current recession in a Financial Times column. And, in his first White House press conference, Obama warned that if Washington dithered, the U.S. might suffer a “lost decade” like Japan...
...their haste to dodge Tokyo’s mistakes, Obama and his advisers are making their own. Thinking government must spend something—anything—to boost the economy, Democrats scraped the pork barrel for ideas: $650 million for digital TV converter box coupons, $150 million for Smithsonian museum facilities, $100 million for reducing the hazard of lead-based paint...
...neighbor to dig holes in his backyard. Unemployment would fall, but so would welfare. Consumers could buy more useful goods if government allowed them to keep their money. Unfortunately, Japan casts such a long shadow that Obama and his advisers think the economy will tank by the time consumers spend or businesses reinvest...
...Domingos Santos a longstanding leader of Portugal's Communist party, also knows what's at stake. He was a victim of secret police beatings during the junta's rule. Deprived of sleep and forced to spend days in a tiny windowless cell without a bed, Santos remains an outspoken critic of the U.S. base at Guantanamo. Terrorists need to be punished, he says, but torture is never justified. "We could take some [prisoners in Portugal] on grounds of human rights because of Guantanamo is a cancer which is afflicting society," he told TIME. "I condemn terrorism. It is barbaric...