Word: stimulus
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...many of the remaining residents will leave. The other day, he showed up in town with two employment applications to cut grass at a nearby nuclear power plant. "Loads of people came up to me grabbing applications," Jackson says. Still, he's hopeful some of the federal government's stimulus money will help Allendale launch new projects. "Morale, it's kind of down right now," he says, adding, "but hopefully, we can lift ourselves back...
...change may soon be coming to America. On Thursday, President Obama outlined a proposal that would revitalize the passenger rail network of the United States by providing $8 billion in funding from the recently passed $787 billion stimulus package for high-speed rail networks, especially along the Northeast Corridor. We applaud the president’s bold maneuver and hope to see him follow through on his lofty rhetoric with real change in the way that the federal government treats the entire issue of high-speed rail travel...
...Massachusetts House of Representatives unveiled their version of the state budget on Wednesday, a plan that closes the $3.6 billion budget shortfall with federal stimulus funds, cuts in services and programs, and a reduction in local aid to cities and towns.The House Ways and Means committee submitted a $27.44 billion budget for fiscal year 2010—$532 million less than what was proposed by Governor Deval L. Patrick ’78 three months ago. That same month, Patrick made a midyear budget cut of $128 million, leading to a local aid decrease of approximately $2.6 million...
...latest figure is not a bottom. According to MarketWatch the firm said in a note, "The government's rapid easing of credit and rollout of infrastructure projects has bolstered FAI, helping offset decreased investment by export manufacturers and property developers." The US faces the same problem with its stimulus package. If it does not catch hold quickly unemployment, falling housing prices, and lack of access to credit will overwhelm the money being pushed into the economy by the Administration. (See pictures of China's electronic waste village...
...Secretary Duncan has indicated that he will use the carrots and sticks in the stimulus bill to support voluntary efforts to write national standards and to prod states to adopt them. This process should involve advisory boards that represent employers, college admissions officers, military recruiters, teachers, education scholars and parents. It should also be ongoing, because the standards will have to evolve as the needs of the workplace and global economy...