Word: spending
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...understand why, just study the diaries of the European leaders. They spend most of their time addressing Europe's domestic challenges. Years were wasted trying to get the Lisbon Treaty right. The goal was to produce strong European leadership to handle a more complex world. The result: Europe chose two nonentities as the first President and Foreign Minister. This alone speaks volumes...
Call it the Ka-Ching dynasty. After decades of relying on exports and investment, China's leadership is targeting domestic consumption as the most enduring driver of economic growth. Not only are there more Chinese with money to spend, the still fragile state of the global economy makes self-reliance an imperative. "As we stand at a new historical juncture, we must change the old way of inefficient growth and transform the current development model," Vice Premier Li Keqiang, the likely successor to Premier Wen Jiabao, declared at Davos in January...
...bill that would require 18-to-21-year-olds to get approval from two doctors before allowing them access, and there's legislation afoot to require all dispensaries to be run as nonprofits. As of Feb. 8, Denver requires dispensary owners to undergo background checks, submit security plans and spend $5,000 in licensing and fees. Denver's 484 dispensaries already charge sales tax, which means that - financially, anyway - the city isn't hurting from their presence. In at least one way, they're even driving business: a dispensary security guard - an off-duty cop whose wife uses marijuana...
...easy to be told that your attitude needs to change, but that's the Greek government's message. Still, even as Greeks grapple with changing their lifestyle, the fact that they like to spend could turn out to be a blessing. "Greece is a poor country with rich people," says Sarantis. "It's a strange thing." He has a point. Despite the economic downturn, Golden Hall, a luxury mall in the capital that opened in 2008, was packed on a recent weekend, and the shelves in many of its 131 stores were bare. Perhaps it's a final party, just...
...suggest noncooperative students be placed in a public-service program and spend their schooltime doing menial labor in municipal parks and buildings. Some will drop out; others will see the advantages of learning and cooperation and return to class. Competition and incentives are necessary to succeed in the real world...