Word: stimulus
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...government stimulus money has spilled into property markets, and prices climb as developers struggle to acquire new stock, some Chinese have grown desperate as they struggle for what they see as fair payment for their property - or simply want to hang on to their homes. The media often carries stories of the struggle getting violent. Late last month protesters shut down several major intersections in the southwestern city of Guiyang after a dozen residents were kidnapped so workers could demolish their homes. (See portraits of China's workers, from the 2009 Person of the Year special...
...president’s political opponents have denounced excessive spending and claim that additional stimulus will only swell the budget deficit further. To an extent these critics are correct—further domestic spending will make Obama’s goal of halving the deficit by 2010 even more unlikely...
...unlike the American Recovery and Reinvestment Act, which many accused of being an agglomeration of pork-barrel projects, Obama’s new proposals have a national focus. They represent efficient use of federal funds to provide much-needed stimulus to an economy that still isn’t back on its feet...
While the original stimulus bill provided much-needed relief for a staggering economy, Obama is right to assert that we must “not let up in our efforts to take every responsible action to get the economy growing.” These proposals represent exactly the sort of responsible spending needed to bring back economic prosperity...
...addition, the eco-friendly homes tax credit, affectionately labeled “cash for caulkers,” serves the dual goals of economic stimulus and environmental reform. The program, a brainchild of John Doerr, a Silicon Valley venture capitalist, and Bill Clinton, would give households anywhere from $2,000 to 4,000 to pay for weatherization projects. This stimulus is beautifully effective—homeowners are incentivized to carry out renovation projects that generate job growth and create more environmentally friendly homes. By combining green initiatives with fiscal stimulus, Obama’s proposal kills two important birds with...