Word: spurred
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Dates: during 2000-2009
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...demand and recently vowed to expand it by injecting $586 billion into nationwide infrastructure. But a dwindling confidence in the economy seems to be getting in the way of the government's agenda. Here in the industrial town of Dagang, just south of Tianjin, instead of spending more to spur the country's GDP, the Gongs are actually tightening up their wallets for a rainy day. The Chinese have been hardy savers even in the best of times, scoring the highest saving rate among all major countries. Now, more than ever, their money is sitting in banks, unspent. "Call...
Russia needs foreign companies to plug a huge hole in Putin's economic policies. In his first term as President, Putin introduced modern tax and corporation laws. But he failed to spur the development of a business infrastructure that would enable Russia to diversify away from its over-reliance on energy and metals. Now, as the crisis starts to bite, the Kremlin is reacting by increasing its control over broad swathes of the economy. Through the state-controlled banks, it is bailing out selected business executives who are having trouble paying their debts - including Oleg Deripaska, a metals tycoon...
...should expect climate change to progressively become the area to which government spending will be directed," says Christian Egenhofer, senior fellow at the Centre for European Policy Studies in Brussels. He points to recent German government tax-incentive plans to spur consumption of cleaner cars and green appliances. And he says climate change could become a primary revenue source through emission permits. "If emissions rights are auctioned, governments will be able to collect at least €30 billion ($38.9 billion) annually from 2012 onwards," Egenhofer says. "By 2020, it could reach up to €90 billion ($116.8 billion) annually...
...Other things require a more sustained commitment,” Venkayya said. All three panelists agreed that it would be disastrous to reduce spending on global health because of the current financial crisis. In fact, they said that increased efforts in global health could actually spur the economy, a surprising view to the students attending the panel. “I thought all the perspectives were interesting in terms of the U.S. playing a role as a leader, and the necessity for global health spending during this financial crisis,” said Lulu R. Tsao...
...elected in 2005 on a populist chicken-in-every-pot platform, so could the failing economy prove his undoing. Many of Iran's glaring economic deficiencies (including inflation, youth unemployment and, ironically, fuel scarcity) were cushioned during Ahmadinejad's tenure by soaring petroleum prices. Falling world oil prices will spur a crisis in Iran that will make international sanctions more painful...