Word: sustainer
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...obligations have been piling up for years in almost every cranny of the U.S. economy: Treasury bonds, corporate securities, household mortgages, consumer credit-card slips. Taken together, all the promissory pieces of paper have had a magical ability to help sustain one of the longest periods of economic growth in U.S. history. But as that expansion moves well into its 18th quarter, fears are rising about how long the magic can last. Suddenly, alarms are sounding louder than ever that those handy piles of debt are taking on the messy proportions of a potential crisis. Individuals, corporations and even Uncle...
...discover the benefits of doing without: without as much unemployment, without as much demand for housing or cutthroat competition for good jobs, possibly even without as much crime. But the labor force, which will grow at a slower pace, may also find itself without the ability to sustain U.S. economic expansion or support an increasingly elderly population. "Business is going to be discombobulated," says Demographics Analyst Ben Wattenberg of the American Enterprise Institute. "I see the housing industry tearing its hair out. I see problems in the military. I see enormous problems headed this way with Social Security and retirement...
...dwindling numbers in later generations may not be enough to support the huge demands that the baby-boom generation will put on the Social Security system. Demographers predict that payroll taxes on baby boomers now entering their peak earning years will build a surplus of retirement funds that will sustain the Social Security system for a while. But by 2020 the amount coming in from the smaller cohort of workers behind the boomers will not be enough to cover costs. Says Ben Wattenberg of A.E.I.: "What you put into a Social Security system is babies, and what...
...considerably more subtle than the kind of blunt protectionist strictures that have been championed with increasing vigor on Capitol Hill. In past years the White House was able to rely on the Republican-dominated Senate to help keep such sentiments under control. Last August those loyalist forces helped Reagan sustain, although narrowly, a presidential veto of a protectionist trade bill that had passed both the House and the Senate. That bill took a piecemeal approach, among other things setting a new system of country-by-country quotas on imports of textiles, shoes and copper from such places as Taiwan, South...
...question often phrased, "Will the AIDS virus spread to the 'general population'?" is really a poorly stated mix of two other questions. First, what are the characteristics of a population that can sustain infection with the AIDS virus? And second, who--besides gay men and intravenous drug users--shares these characteristics...