Word: stimulus
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Miami's poorer residents have long complained that the city's meager public-transit system makes it harder for them to get to work. So when the Obama Administration announced the $787 billion stimulus plan earlier this year, many hoped some of that money would help fund plans like an expansion of Miami's undersized Metrorail system - especially a 10-mile northern extension that would reach into predominantly African-American and other minority communities largely cut off from downtown and other employment centers. But the project, in part because it's not considered as shovel-ready as jobs like existing...
...world's second largest economy, has a special role in the global marketplace. One week later, it's becoming clear the country may be special for another reason. While much of the rest of the planet frets about a coming rise in inflation - a consequence of economic recovery, massive stimulus spending and a weakening dollar - Japan faces the opposite problem: a potentially devastating bout of deflation...
...Taggart Murphy, a professor at the University of Tsukuba's business school in Tokyo, points to a now familiar Keynesian solution to deflation: more fiscal stimulus. But he says additional government spending is constrained by the country's already high debt load, which is approaching 200% of GDP. "Even if the DPJ (the Democratic Party of Japan, the country's ruling party) decided that their principle policy objective would be to end deflation," he says, "it's not quite clear to me how they'd go about...
When Congress wrote the Build America Bond program into February's $787 billion economic-stimulus bill, many predicted a flop. Nine months later, the municipal-bond program, which provides a federal subsidy to help states and other local governments raise funds, looks to be one of the economic recovery effort's biggest successes. Earlier this month, the volume of BABs, as they have come to be called, crossed the $50 billion mark...
...Brennan admits this is the worst he's seen the business environment, but remains optimistic the sector will rebound with or without a stimulus package...