Word: stimulus
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...Rubio and his conservative backers have fixed political floodlights on a photo of Crist sharing a hug with President Obama last year as the governor welcomed federal stimulus money into Florida. But they probably won't be so eager to exploit the support Crist received from Rothstein (who, by the way, helped Crist blow out the candles on that $52,000 birthday cake), because some of those conservative boosters may well be shown to have received Rothstein's dirty largesse themselves. They could include GOP legislators in Tallahassee, where federal agents last month came calling to question politicians from both...
...than $1,200 an ounce, vs. about $860 in January 2009. Suddenly, dusting off that old flame's gold necklace is an easy way to score a quick loan. "With the price of gold moving higher, it allows individuals to get a bigger loan, and that has been a stimulus to driving increased pawn lending," says Joshua Elving, a senior analyst at Feltl...
...results of memory-reconsolidation experiments are impressive. The participants in the Nature study were first trained to fear a certain arbitrary stimulus - they were shown colored cards while receiving mild electric shocks - then reconditioned during the reconsolidation period. The fear went away. It was still gone when the participants were retested a year later...
...upside of this approach is obvious: It gets things done. Between the stimulus package, the pending health care bill and a new raft of financial regulations, Obama will soon be able to claim more major legislative accomplishments than any Democrat since Lyndon Johnson. The downside, though, is that sometimes what gets done isn't worth doing...
Would a second federal stimulus package improve your outlook? It would help the economy, and if applied through Fed programs in terms of outright purchases of assets, yes, I think it would help the markets. I do sort of expect another stimulus program in 2010 at some point, but it can't be a big one, because the American public and indeed the rest of the world is increasingly demanding some type of fiscal discipline...