Word: spurs
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...been introduced in Congress. One proposal supported by Democratic Sen. Barbara Mikulski of Maryland and Republican Sen. Kit Bond of Missouri would permit new car buyers to deduct auto loan interest and sales tax on their personal income taxes. "We think temporarily making interest deductible on car loans would spur sales," says NADA economist Paul Taylor. The NADA is also supporting "cash for clunkers" initiatives, which encourage consumers to upgrade their older cars to cleaner, more fuel-efficient models. "None of these have been costed out yet," says an aide to a Democratic member of the House of Ways...
...health impacts of this regulatory void go further. Factory farmers give their animals mountains of antibiotics to spur rapid growth, such that the Union of Concerned Scientists estimates that 70 percent of America’s antibiotics are now used on animals, not humans (the USDA doesn’t even bother recording their use, so no exact figures exist...
...when regional growth rates marched upward with metronomic precision. But as Asia faces a global financial crisis, flexible and responsive leadership is all the more crucial. While the specter of economic mayhem catalyzed one of the most dynamic presidential campaigns in recent U.S. history, it has done little to spur Asia's democracies into action. Japan's parliament is unable to decide on an economic-reform package, while Malaysia and Thailand engage in partisan politics that has little to do with how to shield these export-led economies from a slowdown in the West. Indeed, Asian governance is failing...
...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...