Word: spigots
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...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 typically had declining sales or depressed real estate values. Simply opening the lending spigot doesn't seem to be the answer...
...recession-busting stimulus plan proved more effective than Washington's. With no political debate to get in the way, China's bureaucrats splashed money everywhere to toss up shiny new infrastructure. The slumping economy needs more credit? Well, that's easy - if you own the banks. Just open a spigot and watch the money flow. China's government can also push ahead on important long-term projects with greater speed. While health care reform in the U.S. languishes in Congress, China is building an extensive health care system to cover nearly all of its 1.3 billion people. (See TIME...
...proclaim, but getting them to like Americans is not going to win the war. Success will only come when Afghans are willing to pay taxes to a government that is able to provide those services itself. Otherwise, the foreign endeavor in Afghanistan is destined to fail - when the donor spigot is turned off, local goodwill is bound to fade. Or worse, as in the case near Jalalabad, magnanimous gestures can all too easily be turned into an opportunity for grievance...
...with health care reform. There are still five of the 12 appropriations bills to pass this year as well as a much-dreaded but necessary measure to raise the federal debt ceiling to $13 trillion. With all these must-pass bills lining up and an imminent sense that the spigot will soon be turned off, Democrats are starting to treat everything as a potential jobs bill. "The appropriations bills can also be looked at as jobs bills," says a Senate Democratic leadership aide. "There's money in them for projects that will create jobs." Indeed, if tradition holds, many...
...Moriarty expects the deal spigot to accelerate in the next year. "Companies are focused on growing in 2010 and 2011," he says. "Many are afraid that if they don't buy now it will get more expensive [later...