Word: stimulus
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...financial crisis brought a few major banks to its knees, Merkel has embarked on a big U-turn. First, there was the bail-out of the property lender Hypo Real Estate, then the part-nationalization of Germany's second biggest bank, Commerzbank. And don't forget the two fiscal stimulus packages (amounting to $116 billion (€82 billion over 2 years) aimed at kickstarting Europe's biggest economy. Throw in the fact that a federal election is coming up in September, and it becomes clear that Merkel doesn't want to go down in the history books as the Chancellor...
What's good for Yuan Bo and Guanling is good for China. While the recession-racked West debates the wisdom of borrowing billions of dollars and spending it on economic stimulus, China is reaching into its vast financial reserves to launch one of the most ambitious and expensive public-works programs ever undertaken. The Baling River Bridge is only one of hundreds of infrastructure projects - ports, airports, bridges, schools, hospitals, highways, railroads - on which China plans to spend about $450 billion over the next several years. Announced in November, this pumped-up New Deal is aimed at more than cushioning...
...Along with the languid release of data there will be four unemployment reports that cover May, June, July, and August. These will be the four most important economic indicators of the summer. They will show whether the government stimulus package has been even modestly successful, whether there will be consumers who can shop during the holiday season that now seems to start in September, if there are buyers to participate in the struggling car markets, and citizens who can be taxed rather than being a tax on the federal and state governments. The news will be particularly bleak...
...tact, however, Boutros-Ghali is not averse to holding up a mirror to the rich nations every once in a while. On the eve of last month's G-20 summit in London, he warned that giant stimulus plans like those announced by the U.S. and the U.K. could lead to a humanitarian catastrophe in the developing world, because borrowing by rich countries would divert funds from the poor. "People are going to die, babies are not going to get the proper nourishment," Boutros-Ghali said. "Poverty is at the doorstep, something needs to be done." (See pictures of poverty...
...were a hot potato. "Many people don't want these bills because they think they are valueless and they're going to get stuck with them, so they're spending them as fast as they can," says clothing vendor Fabiola Espinoza. It has unintentionally created a bizarre stimulus effect on Nicaragua's beleaguered economy. "As soon as I get one of the plastic bills, I try to pass it on right away to someone else," says shopkeeper Gloria Romero. (Read a story from TIME's Archive about America's counterfeit bill problem in the 1930s...