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...different stimulus programs adopted by the two countries to support growth during the downturn. China implemented what Walker calls "the biggest stimulus program in global history." On top of government outlays for new infrastructure and tax breaks, Beijing most significantly counted on massive credit growth to spur the economy. The amount of new loans made in 2009 nearly doubled from the year before to $1.4 trillion - representing almost 30% of GDP. The stimulus plan worked wonders, holding up growth even as China's exports dropped...
...that even though countries like France, Germany and the U.S. emerged from the recession months ago, their economic performances since then have remained very weak and vulnerable to setbacks. The reason? These countries returned to growth the same way Britain did: through massive infusions of state money to spur business activity...
...providing even more gas. Part of the answer is that he doesn't seem to think that pouring more cash into the banking system would generate many jobs, because liquidity is not the current problem. Banks already have reserves; they just aren't using them to make loans and spur economic activity. Bernanke thinks injecting even more money would be like pushing on a string...
...vocal Bobby Knight critic when he taught at Indiana University, predicts that more players will come forward to report boorish behavior by coaches. "College coaches are going to be watched more closely," he says. The risk of long-term health damage from concussions, he adds, will likely spur more players to turn on coaches who put their health at risk...
...question remains whether CityCenter will help spur a rebound in the city - the common wisdom in Las Vegas is that new supply creates demand - or the addition of more than 4,000 new hotel rooms will depress an already oversupplied market. Murren describes it as the "stimulus package of all time for this community," pointing to the 12,000 jobs CityCenter has created. Expectedly, he's bullish that CityCenter will lure new visitors to Vegas. "There's no doubt in my mind that more people will come to Las Vegas next year than this year...