Word: stimulus
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...uniform. Nor will he return, a devoted and loyal son, to one of his almae matres, either in the Ivy League or Occidental College. He will not even patronize with his presence an institution run by the states that his federal budget will bloat with generous stimulus disbursements...
...plans were afoot to challenge a stage-managed G-20 consensus. Demonstrators took to the streets, and French President Nicolas Sarkozy and German Chancellor Angela Merkel sent out invitations to their own joint London press conference, to signal their determination to resist any Anglo-American pressure for additional fiscal stimulus and to highlight their demands for stricter financial regulation. They are not the only G-20 leaders to arrive in London with agendas that reflect divergent approaches to the economic crisis - and differing domestic pressures. (See pictures of the global financial crisis...
...draft communiqué, that pledges all nations to take "whatever action is necessary until growth is restored." At the same time, White House aides have been arguing in recent weeks that the glass is half full, and that the real test will come only if a second round of stimulus efforts is needed. "There's been an unprecedented coming together around stimulating the global economy," says Michael Froman, one of Obama's top international economic advisers. In other words, the battle over the size of economic stimulus will be mostly fought later, when economists have a better handle...
...February, the government announced it would spend some $7 billion on various projects as part of an overall stimulus package. Since taking office in 2004, Yudhoyono has held two major "infrastructure summits" offering close to $38 billion dollars' worth of projects to private investors, though few have had any takers. Jakarta's business community cites a range of problems and obstacles that are keeping investors on the sidelines while funding remains sorely needed for the building of new ports, power plants and roads across this huge nation. "Lots of projects were showcased but very few have been realized because...
...coordinated stimulus. Aggregate demand in the world economy is shrinking as corporations, households and especially financial institutions rebuild their balance sheets and unwind the massively leveraged positions they took in the past 10 years. To put some heft back into the economy, the IMF has recommended an injection of demand equivalent to 2% of world output. The U.S. has taken the lead on a stimulus package, but some European nations - which tend to be wary of long-term national budget deficits - have balked at the size of the new resources required...