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...protesters, known as the Red Shirts for the color they wear, were supporters of fugitive former Prime Minister Thaksin Shinawatra, who was ousted in a 2006 coup and has fled the country rather than serve a prison term on a corruption conviction. His opponents include the current Democrat-led government of Prime Minister Abhisit Vejjajiva, the military, a rival group of protesters known as the Yellow Shirts and, according to some, Thailand's monarchy. Thaksin's followers are comprised largely of the rural poor, and so it was easy to dismiss, as many commentators did, the bloody curse...
...Washington Isn't the Answer In Washington, the bulk of the response to job loss has been to drum up short-term demand. Last year's stimulus package kept the economy from spiraling further downward. Current proposals to extend unemployment benefits and send $100 billion to struggling local governments would have a similar effect - allowing consumers and cities to keep on spending...
...cuts for businesses that hire - and then retain - workers will likely wind up doing more of the same. No businessman in his right mind is going to add the long-term liability of a worker simply for the short-term benefit of a tax break. On the other hand, such incentives may accelerate some hiring that would have eventually happened anyway, and that would put more money into consumers' pockets faster. Of course, extra spending and tax cuts contribute to the $1.5 trillion federal deficit, and that drags on the economy. (See "How High Could the U.S. Tax Rate...
...these ideas are short-term. That's understandable. People who are out of work want immediate solutions. Politicians wouldn't be doing their jobs if they didn't try to give voters what they want...
...encourage job growth aren't flashy initiatives with quickly visible results. "There's no magic wand we can wave over companies that will induce them to go out and hire people," says Matthew Slaughter, an economist at Dartmouth's Tuck School of Business. "We need to think long-term...