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...That prime-the-pump logic is also behind the use of the government to create demand - what we know as stimulus spending. Last year's $787 billion American Recovery and Reinvestment Act has received its fair share of criticism for funds being dispersed too slowly and for not doing enough to stem unemployment. But in Austin, Bruce Matous has a different point of view. "This saved my family business," says the president of Matous Construction...
...dream scenario of the green-technology revolution: a plant that used to make Lincoln Continentals starts churning out the mechanical apparatus of wind-power storage. Michigan autoworkers, knocked off their feet by a collapsing industry, put their skills to use in the quintessential "industry of tomorrow." Once those high-value manufacturing jobs are in place and a group of workers has money to spend, other jobs follow - at doughnut shops, hair salons, real estate brokerages and law firms...
...reinvention. Lindsey Spratt lost her job as an assistant audio engineer and is now studying to be a chef at the Texas Culinary Academy. Rob Carruthers was laid off from a job as a project manager at a software company and is putting his dual engineering-business background to use as a consultant to tech start-ups and schools. (See "How to Know When the Economy Is Turning...
...Employers are stepping up too. A few blocks east of the state capitol stands a hospital, one of 10 in the metro area owned and run by the not-for-profit Seton Family of Hospitals. An adjacent building that used to be a children's hospital now houses a clinical-education center. Wards and operating rooms are filled with patients - sophisticated, computer-controlled dummies that nurses-to-be can use to receive valuable training. One dummy even gives birth...
...between the Senate and House bills. But for them to become law, the Senate would have to pass them separately after the House under a process known as reconciliation, which requires only a simple majority of 51 senators. Still, reconciliation can be procedurally arduous and Senate Republicans plan to use parliamentary rules to try to delay or stop the House package from being passed. Without this, the Senate bill itself - with its sweetheart deals and unadjusted tax on high-value insurance plans, for example - would stand...