Word: stimulus
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...result, just as development experts are urging the government and the international donor community to train Haitians in skills like earthquake-resistant building construction, many are recommending that a large-scale prosthetic industry be formed. "Like the building skills, it would fill an economic-stimulus need as well as a desperately needed social one," says one U.N. official in Haiti. That seems especially true given the cost considerations. In the U.S., for example, the most basic prostheses can cost between $1,000 and $2,000. Given Haiti's cheap labor, prosthetic-assembly plants could feasibly produce them for sale...
...euro and yen top the list of must-watch "funding" currencies for 2010, but that prognosis might change as the year unfolds. Like Greece, both Britain and the U.S. have dangerously high levels of outstanding debt, largely due to stimulus spending and bailouts intended to get their respective economies back on their feet. While this might spell trouble for the dollar and British pound, it's a looming opportunity for those who ply the carry trade...
...suppose we need a paragraph here about why all this simplicity is extremely dangerous. Most economists agree that if it hadn't been for the bank bailouts and the Obama stimulus package, the country would have slid into a deep recession that might have prevented a lot of Tea Partyers from buying their $549 tickets to ride. Then again, any sentence that begins with "Most economists" is a license to snore in tea party nation. And Palin will, quite often, veer from simplicity to duplicity. She was the inventor of the mythic, noxious "death panels." In Nashville, she retailed nonsense...
Krugman, who had advocated for a larger stimulus in his columns for the New York Times last spring, said in his speech that politicians did not realize that “doing what you think of as a more careful, cautious policy is actually extremely risky because you really have one shot at this—no more...
...trend wasn't created by the crisis, but the crisis certainly accelerated it. As the U.S., Europe and Japan contracted sharply, China registered its own brief, if scary, dip and then proceeded to use its trillions in foreign reserves to undertake a massive spending program. More effective than similar stimulus packages in the United States and elsewhere, the approach by the Chinese government not only halted the swoon but propelled China to even more robust growth...