Word: costly
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...Economists have long noted imperfections in how GDP - the market value of all goods and services produced in an economy - is calculated. For instance, unpaid work that might benefit society, like raising children, is not included in the calculations. Societal failures, however, often are: the cost of keeping 2 million people in prison boosts the U.S.'s GDP, as does fuel sales, despite the correlation with traffic congestion and pollution. Sustainability is also ignored - a heavily wooded country could see its GDP skyrocket if it turned over all its land to loggers. (See 10 ways your job will change...
...CNBC and even on the floor of the House of Representatives. But after Lehman's failure, no one at Treasury or the Fed talked that way. Instead, the consensus among the policymakers who mattered, in the U.S. and overseas, was that the panic had to be stopped at any cost...
...cost was a bailout that placed trillions of taxpayer dollars at risk. It was expensive, it was messy, it was unfair. It struck many people as downright un-American. But it worked. "I've abandoned free-market principles to save the free-market system," is how President George W. Bush described it last December...
...organic farms and massive factories. Hundreds of small family farms provide safe, healthy food to their communities, even though they do not farm organically. These farmers rely on pasturing, sanitary conditions and care to keep their animals healthy and happy, without depleting the environment. While local food will always cost more, it is often more affordable and offers many of the health benefits of organic food. Emily Everett, WILLIAMSBURG...
...have in stock but won't be able to buy or import more. The policy forces shoppers to switch to environmentally friendly compact fluorescent lamps, which use 80% less electricity. But fans of the traditional lights argue that the new bulbs don't glow as warmly--and that they cost more than twice as much...