Word: traditionall
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To get a fix on just how thoroughly the slumping economy has clobbered the state of Michigan, consider first some traditional indicators: Nearly 300,000 manufacturing jobs have disappeared in the past decade. Ford just posted the worst quarterly loss in its 105-year history, and GM announced it was...
Consumer confidence is at an all-time low, and many Americans are struggling to avert foreclosure as they fork over $4 a gallon for gasoline. That's why the U.S. economy has grabbed center stage this campaign season. The ultimate test: How would the candidates put more money in your...
In 2007 I moved into a quiet hutong, a traditional narrow lane lined with courtyard houses, in eastern Beijing. Since April, the city's Olympic buzz has reached deafening proportions. In a period of months, my district, laid out 700 years ago during the Ming dynasty, saw lanes repaved, streetlights...
McCain has acknowledged some of these problems - especially the need for a new energy policy - but he doesn't seem to have a comprehensive strategy. (McCain's economic adviser Douglas Holtz-Eakin didn't respond to my calls.) McCain's energy answers are often traditional - drilling for oil offshore, building...
Infrastructure is an ugly word - unless the bridge you take to work just collapsed. In politics, it has become a euphemism for pork-barrel spending. In the pre-Newt era of Democratic congressional dominance, it smacked of payoffs to big city machines and construction unions. That is one of the...