Word: surpluses
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...more food brings more mouths, and warned that the potato would depress wages and living standards by pushing Europe's population far beyond the opportunities of employment. What Malthus didn't know was that Europe was already in the throes of a development that would quickly swallow any labor surplus: the Industrial Revolution...
...Calderón called illegal immigration from Mexico to the U.S. a “textbook example” of a country with surplus capital needing a country with surplus labor. He expressed his support for more integrated North American markets, saying that “closing the border is a very, very big mistake...
...team’s success—falls into the sure hands of wide receiver Plaxico Burress.While it is often tempting to root for the Dark Side, most of us relate better to the redeeming qualities of the underdog who compensates for a lack of talent with a surplus of heart and determination. Most of us respect someone like Burress—the Giants’ best receiver all season despite his inability to practice because of a bum ankle—more than someone like the Patriots’ Rodney Harrison—a player whose desire...
Once TV broadcasters have vacated the 700 MHz band for more efficient digital signals, which take up less bandwidth, the FCC will repurpose the surplus analog spectrum for wireless devices. The auction consists of five blocks of licenses to be sold off in pieces - ranging from rights to various regional networks to sprawling nationwide ones - each set at a minimum bid. The process could take weeks or even months and is likely to pull in about $15 or $20 billion for the federal government. Carriers wishing to offer new wireless services are currently running into spectrum shortages - one reason...
...pressure for faster appreciation of the yuan out of concern that such action will slow the economy and reduce employment. But policymakers also know their stance is fueling trade frictions and that exchange-rate appreciation is not always bad for job creation. A stronger currency could ease the trade surplus and fight domestic inflation. It could also help the country reduce its reliance on low-end manufacturing; a mightier yuan would encourage the development of higher value-added businesses and service industries, which have lagged manufacturing but hold greater promise for long-term job creation...