Word: welling
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Dates: during 2000-2009
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...term, what the government does and doesn't do is incredibly important to the health of the labor market. Trade policy, corporate tax rates, the structure of health care - these things all have a real impact on economic growth. But Washington's tool kit doesn't work nearly as well in the short run. Right now companies aren't hiring for a very specific reason: there's not as much demand for their products and services. Callous as it may sound, high unemployment at the front end of an economic recovery is perfectly normal. (See TIME's special feature...
...fighters are identifiable by their red-and-white scarves. The group began fighting Ethiopian troops and the weak interim government almost immediately after the invasion; today it controls large areas of the nation's central and southern regions. Al-Shabab carries out near daily attacks against the government as well as against aid groups and African Union peacekeepers operating in the country. Its members are mainly Somalis, though it has also attracted fighters from the U.S., Yemen and Pakistan as well as recruits from other African nations. The official head of al-Shabab is Sheik Mohamed Mukhtar Abdirahman, known...
...boost the number of babies being born in Taiwan's delivery rooms. But underlying factors behind the low birthrate may be beyond the grasp of government policy. When asked if she wanted to have children, happily married broadcast journalist Huang Shih-han replied, "I like reading and, well, you can't read if there are children wailing." Why does she think Taiwan's birthrate is so low? "I think our generation is more selfish," she says. "When you have children, you have to sacrifice a lot, and I don't want to do that...
...disaster three years ago when Morales, fulfilling a campaign promise, nationalized Bolivia's vast natural-gas reserves. Among the doubters was the International Monetary Fund (IMF) in Washington. Today the IMF is hailing Bolivia's projected economic growth rate of almost 3%, one of the hemisphere's highest, as well as the fact that the country's economy has averaged almost 5% annual growth since Morales came to office, Bolivia's best performance in three decades. "Bolivia is the most profound example that the conventional wisdom of economic growth - that you need to attract foreign capital at all costs...
Sources close to the Bolivian President tell TIME that as U.S.-Bolivia relations improve under Obama, Morales plans to reinstate a U.S. ambassador soon. Meanwhile, the crowd outside the presidential palace in La Paz Sunday night, Dec. 6, seemed to celebrate Bolivia's indigenous past as well as its first indigenous President. Banners and T-shirts sported the faces not only of Che but of Tupac Katari, the leader of an 18th century Aymara uprising that almost drove out the Spanish colonizers. Katari was eventually captured and drawn and quartered, but before dying, he warned, "I will return...