Word: systemic
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Caught in the cross-hairs of California's state budget crisis, the Los Angeles Superior Court - the largest trial court system in the nation - this week laid off 329 employees and closed 16 courtrooms. Facing an unprecedented $79 million shortfall, Presiding Judge Charles W. McCoy said that the courts will lay-off an additional 500 workers and shutter up to a total of 50 courtrooms come September. Announcing the cutbacks in a courtroom closed months ago to save money, McCoy said, "Today is a sad day for justice in Los Angeles." With attrition, McCoy expects the 5,400-employee court...
...Injecting money into the system - whether through consumer spending, business investment or stimulus funds - is a short-term fix designed to get the gears moving again. That re-establishment of momentum is an important part of economic recovery. But getting things moving isn't the same as keeping them moving. In the long term, there is only one way to create enough jobs for the economy: innovation. (See "Why the Economic Recovery May Be Disappointing...
...vision to make wind power an easier sell. One of the big stumbling blocks in persuading utilities to buy wind is its unpredictability. The wind blows, and then it stops, while utilities' customers demand a constant flow of power. Xtreme's solution: a shipping-container-size power-management system that takes in energy from wind farms, stores it and then smoothly releases an uninterrupted supply of it out the other...
...That innovation carries real economic value. Wind-farm operators want to sell more power, and they'll pay for something that helps them do that. As a result, jobs are created. Xtreme, which employed 57 people at the beginning of 2009, installed its first major system in Hawaii over the summer and now has $100 million worth of orders in the pipeline. The firm currently employs 105 people and is again looking to grow. Its plan is to buy a factory in Wixom, Mich., that Ford shut down in 2007. (See the best photos of 2008: "The American Economy: Down...
That's just the beginning of the mathematical chaos that's fallen on Haiti's political system like a shower of earthquake debris. Elections for President, Senators, deputies and myriad regional posts were all supposed to take place this year. But as the government crawls out from one of the worst natural disasters of modern times, the challenge of holding those contests looks daunting at best, especially since Haiti is the western hemisphere's poorest country. But Haitian President René Préval and U.S. Secretary of State Hillary Clinton last week urged that legislative elections, which were supposed...