Word: stimulus
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...unexpected thought: Barack Obama may well be having an easier time handling domestic issues than foreign ones. Indeed, he may be headed for the most successful domestic-policy year by a Democratic President since Lyndon Johnson's legislative tidal wave of 1965. Obama has pushed through a $787 billion stimulus package and doubled down on the Bush Administration's financial-crisis remedies, which seem to have prevented an economic crash. He is making quiet but substantial progress on education reform; his energy policy will probably be all carrots and no sticks - that is, no cap-and-trade program for carbon...
...Merkel smoothed over the rift and has tried to foster good relations with the current Administration. But there have been strains. Merkel was critical of the U.S. government's handling of the economic crisis. In return, some voices in Washington accused Merkel's government of stinting on its stimulus programs to combat the downturn. (See 25 people to blame for the financial crisis...
...plants every week, China is a convenient scapegoat for American politicians who don't want to make the first move on climate change. But as Hu made clear in his Sept. 22 speech, China is serious about confronting climate change. The country spent an estimated $221 billion in economic stimulus on green initiatives, more than any other nation. At the U.N., in addition to promising to raise its renewable energy share to 15% by 2020, Hu pledged that China would cut its carbon emissions by a "notable margin" by 2020. "Out of a sense of responsibility to its own people...
...Central Bank of Chile, the government was able to accumulate a financial cushion of around $21 billion worth of savings in sovereign wealth funds and a similar amount in central bank reserves, the New York Times reported. Such financial policies allowed Chile to announce a $4 billion stimulus package this January and provide fellowship funding to Chilean students at several foreign universities, including Harvard. The new agreement will provide fellowships for about 30 additional students, as well as funding to support their families. If a student’s spouse is admitted to Harvard, he or she would also receive...
...fossil fuels are volatile and subject to increasing world demand: By deriving more energy from wind farms, residents will be protected from fluctuations in oil and natural gas prices. Another key benefit is that the construction of an offshore wind farm would serve as a form of economic stimulus to the region. In particular, the project will provide opportunities for long-lasting employment across a range of skills and occupations...