Word: stimulus
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...reason for the surge: under a German economic stimulus program started in January, car owners who trade in vehicles that are more than nine years old for new, more environmentally friendly models can expect individual rebates of $3,172 from the German government. Buyers also get a break from paying road tax for at least a year. Similar scrapping schemes have been launched in recent months in France, Italy and Spain, while motor manufacturers in Britain are pleading with their government to follow suit. (See the 50 worst cars of all time...
...Early, Act Often After the bubble burst, Japan's powerful bureaucrats, who had earned a reputation for brilliance in the 1980s, dithered for years. In the face of slumping demand and price deflation, they cut interest rates too slowly, delayed a fiscal stimulus and failed to restructure so-called zombie banks, whose bad loans made them dead in all but name...
Nationwide, the federal stimulus package allocated $70 million to help homeless students, more than doubling the $65 million slated for this year. But those dollars will be meted out across the country's 15,000 school districts. And as the recession wears on, shelters are getting maxed out: the one where Powe and her two kids are staying has room for 32 people but received 50 calls from people seeking shelter in October 2006, 100 in October 2007 and about 300 last October. School districts know they'll have to fight one another to get enough resources for their homeless...
...mirrors that of the Texas, the idea is probably not out of the question. For that matter, he would probably also take over the University of Texas at Austin and name the university after himself. But one things certain: this man won't need any stimulus for his endowment. (Cue laugh track...
...waging a public relations war, portraying the outlays as down payments that will save money in the long run. Fiscal conservatives have long drooled over the possibility of taking a scalpel to the fat in Medicare and Medicaid. They were delighted when Obama controversially included $1.1 billion in the stimulus to study the cost effectiveness of the programs. "Health care is the most important part of entitlement reform," says Cooper, "so in a sense, he's advancing strongly on the most important element." (Read TIME's cover story "The Health Care Crisis Hits Home...