Word: systemic
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...offer suggestions to get the world out of this quagmire. That might be the only bright part in this otherwise sobering assessment - the Bank says there is "growing recognition" of the steps that need to be taken. Chief among those is the need to restore confidence in the financial system and the demand for foreign trade. Most stimulus packages are designed to meet these two needs. More difficult to swallow might be the recommendation to up the "quantity and quality" of direct aid to developing countries, an area of the budget many countries are already slashing. The report makes...
...grown at a rate of about 10% a year for a decade. The government has done whatever it needed to do to keep the economy on track. It has underwritten the build-up of the manufacturing sector, the telecom and electric infrastructure, and a large and complex financial system. It has also sold parts of the nation's largest companies to the public to give the companies more access to capital. The communist central government says it will put about $585 billion into the domestic economy in order to stimulate consumption and business expansion...
...preposterousness of this claim must be noted. One satellite will not revive North Korea’s dysfunctional economic system. But even if it could, North Korea’s claims should still be met with great skepticism. There is nothing new about this “new” satellite—supposedly ushering in an exciting era for North Korea, it is instead strikingly reminiscent of 1998, when North Korea used the same claim as an excuse to test-fire a Taepodong-1 cruise missile over the territory of regional power Japan. Fresher in the public?...
...Idaho and Pennsylvania has at least one fusion center; Texas, for instance, has its Texas Intelligence Center within the Texas Department of Public Safety "to collect, analyze, and disseminate intelligence information related to terrorist activities" covering the entire state. The state also has the North Central Texas Fusion System, covering a 16 county-area around the Dallas metro area that includes "regional homeland security, law enforcement, public health, fire, medical providers, emergency management, and private security". (See pictures of SWAT teams around the world...
...Andaz, Hyatt's new brand, which is offering a stay at its Liverpool Street location, near Liverpool Street Station, for the cost of a chocolate Easter egg in Britain: 2.75 pounds ($4). Each week, starting March 10, the hotel will release a few rooms into the reservations system, which are available for stays between April 9 and 14. Hop to it! 40 Liverpool Street, London...