Word: problem
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...This doesn't seem like a simple cyclical shift in unemployment," says Thomas Lam, an economist who tracks the U.S. economy at the Singapore-based United Overseas Bank. "What we are seeing is a structural problem in the U.S. economy, and that means it will take a lot longer for the unemployed to find jobs." (See pictures of the global financial crisis...
...underlying problem is something called misallocation of human capital. It's a fancy term for the idea that in the past few decades the U.S. may have been producing too many M.B.A.s and not enough R.N.s. Economists used to talk about it as one of those long-term risks that most people shouldn't worry too much about. Now, the problem - like the dangers of subprime lending, obscure financial instruments and so many other things we didn't worry about - seems to actually be a problem...
...probably seen a few editorials in various publications trumpeting Barack Obama’s election as a harbinger of the end of racism in America. Since we have elected a black man president, the argument goes, discrimination in this country is a shadow of the serious problem it once was. And certainly, it is true that since the Civil Rights Movement, our society has made tremendous strides towards tolerance, reconciliation, and the attenuation of racial stereotypes...
...problem is, it won't be enough. As ambitious as Obama's campaign promises were - at least compared to his predecessor's - the future state of global energy will demand government policies with a much longer reach, according to alternative-energy leaders. The International Energy Agency's (IEA) annual World Energy Outlook, released Nov. 12, projects that global energy demand will increase by 45% between 2006 and 2030 - and that $26 trillion in power-supply investments will be necessary simply to meet those needs. Barring radical changes in our energy policy - beyond what Obama has pledged - greenhouse gas emissions will...
...first real problem for Martine Aubry will be that she'll be facing a deeply split party, and won't have a big majority or resounding mandate to back her up when challenged," says Pascal Perrineau, director for the Center for Study of French Political Life in Paris. "The second problem is, Ségolène Royal is a very determined and strong politician who believes she's the person to lead the PS back to national power. She won't simply fold up her plans and projects, sit down, and be quiet...