Word: stagnant
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...troops were advancing on Baghdad, President Bush called his own pause in the war last week to meet with a group of economists in an effort to refocus attention on his economic plan. The meeting was billed as a thoughtful discussion of the challenges confronting the stagnant economy, but participants described it as largely a cheerleading session for the most controversial element of Bush's plan: the $364 billion elimination of taxes on dividends. "Clearly it was a biased group," said a participant, noting that many of the invitees came from securities firms that will stand to benefit from...
...much as I loved living in Paris, the Seine's heady cocktail of diesel oil and stagnant water was not enough to make me tie the knot. Eventually I moved on, leaving my boat for other affairs: a dalliance with a house in Berkeley, a fling with a high-rise in Hong Kong. But I still look back on my Parisian home with wistfulness and a hint of self-satisfaction. At any gathering of Iyer's global souls, a houseboat in Paris trumps a penthouse in Manhattan every time...
Layoffs, early retirements, resignations prompted by disillusionment with corporate life--all are producing a host of 50-pluses who feel too young and vital to consider not working and whose stagnant or shrinking retirement savings demand that they continue to earn a salary. "Retirees want and need to keep working now more than ever before," says Rudy Lewis, president of the National Association of Home-Based Businesses in Owings Mills, Md. "But they prefer not to do it on someone else's time clock at this point in their lives...
...projecting a $304 billion federal deficit this year, plus annual flows of red ink as far as the eye can see, it's fair to say that Ross Perot's crazy aunt is back. In the 1992 campaign, the folksy, jug-eared Texas zillionaire rode public anxiety over the stagnant economy - specifically the burgeoning national debt he compared to a crazy aunt in the basement no one wanted to mention - to the best third-party showing in a presidential election in 80 years. Budget deficits became such a potent political issue that Bill Clinton was forced to abandon much...
...Gilded Age has the wealth distribution in the U.S. been so polarized, and have business interests controlled the government so completely. Now, the extremely wealthy are slated to get an enormous tax cut as American workers lose their jobs, lose their welfare benefits and lose hope in a stagnant economy. The plutocrats stole the last presidential election, and now they’re trying to steal the government money that millions of working Americans rely upon...