Word: totalizers
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Every night at 11 p.m., the village of Dörentrup in central Germany is thrown into total darkness. Strapped for cash for the past few years, the local council has taken to switching off all the streetlights. But while the scheme saves money, it left residents like Dieter Grote and his wife worrying about their children coming home in the dark. "My wife has all the good ideas," says Grote, who runs an advertising agency. "I discussed the problem with her and we thought it must be possible to have the lights available on demand." Grote got in touch...
...giving great gobs of money to state-owned banks that, with Beijing's forceful encouragement, are lending to state-owned companies participating in infrastructure construction. Skeptics are frightened by the amount of cash being shoveled out the doors. The central bank recently announced that new loans in June totaled $224 billion. That was more than double the previous month's amount and brought new bank lending in the first six months of the year to nearly $1.1 trillion, exceeding the total...
While overall unemployment dropped from 9.5% in June to 9.4% in July, the number of long-term unemployed (those jobless for 27 weeks or more) increased to 4.9 million, up from 4.4 million in June. Viewed another way, 32.5% of the total unemployed had been looking for work for longer than half a year, up from 28.9% in June. "This recession is taking people a very long time relative to past recessions to find another job," says John Irons, policy director at the Economic Policy Institute in Washington. Traditionally the U.S. has been able to maintain unemployment...
...country's best-known rappers, Hichkas (Soroush Lashgari), started out being harshly critical of the regime, but in the past year, he has become increasingly pro-government. In one song, he scolds partygoers who stay out late and get roughed up by the religious police. "He's a total sellout," says a 26-year-old student who now listens to exiled bands like the San Francisco-based group Kiosk who can criticize the government without retribution...
...would ask Judge Nancy Gertner to reduce the sum to a more "reasonable" level. In the only previous such case to go to trial, Capitol v. Thomas, the plaintiffs were awarded $9,250 per song, an amount raised to $80,000 per song in the re-trial for a total of $1.92 million...