Word: stimulus
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...instant check on how the trade dispute could impact overall China-U.S. relations. Obama and Chinese President Hu Jintao are expected to attend next week's G-20 summit in Pittsburgh, Pa., where the world's most influential economies will tackle sticky issues like the continuation of economic-stimulus measures and improved regulation of the global financial system. "We all need to be a lot more alarmed" by the trade spat, says Michael Pettis, professor of finance at Peking University. "Rising anger makes it more difficult to cooperate." At a crucial moment for the economy, that's something...
...Senator Charles Grassley and Wyoming Senator Mike Enzi, are wasting the president’s time by negotiating in bad faith. It makes little sense to attempt to bargain with senators so far the right, as opposed to centrists like Snowe as was done during the debate over the stimulus package passed earlier in his term. Obama would be better served to seek consensus with more moderate Republicans like Snowe and her colleague from Maine, Senator Susan Collins. Another admirable aspect of the bill is the promise that it will not add to the deficit, but rather be funded...
...that the worst of the recession is over, but who can be sure of that?" says Edward Chow, senior fellow in the Energy and National Security Program at the Center for Strategic and International Studies in Washington. "The global economy is on a sugar high because of the stimulus spending." If the recession lags, oil prices could plummet again, discouraging oil companies from investing in exploration and new drilling and discouraging governments from introducing new alternative-energy programs. (See 10 next-generation green technologies...
Meara said that there are few restrictions imposed on researchers aided by stimulus funds, but that all individuals who participate in the program must fill out yearly reports with data about their employees and full time workers. All the information in these reports will be made publicly available online at a later date...
...Sept. 8 news article "Stimulus Grants Boost Research" incorrectly stated that Harvard had received around $18 million in grant awards from the federal government through the American Recovery and Reinvestment Act of 2009. In fact, that figure only accounted for funds from the National Institutes of Health. The overall figure was approximately $40 million, similar to that received by Yale...