Word: jumpstart
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...stranger to deficit spending, Japan approved this month a new Policy Package to Address the Economic Crisis worth $156 billion, its third fiscal stimulus package since September - and the umpteenth attempt to jumpstart the economy since the bursting of the asset bubble way back in the 1990s. None of the previous attempts worked, in part because much of the money went to wasteful public works spending in the bailiwicks of ruling-party politicians. The latest spending appears to make more economic sense, targeting job-creation, support for the equity market, increased transfers to regional governments, health-care spending, and energy...
...York, up in Westchester County, and Bob Fuhrer, the president of the Nextoy company, lives in Chappaqua, right next door. He's been a toy and game agent for years, and he had acuired the rights to KenKen outside of Japan. He was looking for a way to jumpstart the puzzle and he found out I lived nearby and he called me. So I said I'd take five minutes to talk to him, and he explained the puzzle. I tried one: liked it. I tried another: liked it. I asked him to leave a book of KenKen puzzles...
...Vietnam's stimulus program pales in comparison to the $787-billion package approved by U.S. lawmakers last week, but the country is doing what it can to jumpstart its economy. The cash giveaway followed November's announcement of a plan to spend $1 billion to subsidize interest rates for businesses and to lower taxes in order to boost investment and create jobs...
...Little wonder that fewer than one in 10 Japanese support Aso, according to a recent poll by Nippon Television. His approval rating of 9.7% is the lowest since former Prime Minister Yoshiro Mori bottomed out at 8.6% in February 2001. (Mori resigned two months later.) Despite efforts to jumpstart economic growth, including a controversial proposal to hand out $21.7 billion to the Japanese public, many think Aso hasn't done enough. "We have a once-in-a-hundred-year crisis and the policy response is not even average," says Jesper Koll, president and CEO of Tantallon Research Japan. "The people...
...Poland into a market economy, however, was a more complex and painful process than anyone could have imagined. In the early 1990s, the Polish government attempted to use “shock therapy” programs—championed by Jeffrey Sachs and other Western experts—to jumpstart the economy. This resulted in high inflation and unemployment for years. The Polish economy eventually revived, but the intervening years were painful for most of the country. Solidarity, which had championed shock therapy, soon paid the political price for backing the unpopular economic platform...