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[For Your Health - Physical, Mental and Environmental Health] IMF's world economic outlook not good | For Your Health: During these episodes, a 1 percent increase in government consumption is associated with an increase in the probability of exiting a recession of about 1 percent. The stronger impact of fiscal policy in these events is consistent with evidence that fiscal policy is more effective when economic agents face tighter liquidity constraints.5 The lack of a statistically significant effect from monetary policy could be a result of the stress experienced by the financial sector during financial crises, which hampers the effectiveness of the interest-rate and bank-lending channels of the transmission mechanism of monetary policy. A useful way of visualizing the impact of monetary and fiscal policies on the duration of recesPrevious studies find that postwar recessions in the United States are more likely to end the longer they progress (see Diebold and Rudebusch, 1990;

[The Big Picture] Words from the (investment) wise for the week that was 4.19.2009 ...: Considering how dramatically export demand and other external indicators have fallen, the Q1 figure did not follow in step, which suggests that the first signs of Beijing’s fiscal stimulus are finding their way into the national accounts. (This would be the minor stimulus package announced prior to the Beijing Games, when the government offered additional spending to counter the effects of ”˜Olympic hangover’.) This might just be enough to keep growth above the 6.0% mark until the real fiscal stimulus package kicks in and the ultra-high amounts of bank lending since November turn into real economic activity.

[Investment Postcards from Cape Town] Words from the (investment) wise for the week that was (April 13 ...: “”˜Job losses and falling home prices have a bigger effect on delinquencies than mortgage terms, and modifications aren’t necessarily a better deal for investors than foreclosures, two current and one former economist at the Boston Fed Bank and one Atlanta Fed researcher say in a paper posted Friday on the Boston Fed’s website.

[United Against Islamic Supremacism] The Iranian Lens on the Gaza War - Week One: Livni herself spoke with her counterparts in many of these countries, as well as to representatives in the United Nations and European Union, emphasizing the necessity of a reaction by Israel to unceasing rocket fire from the Gaza Strip in the past week. Many of the foreign representatives expressed concern for the humanitarian considerations in Gaza, in the wake of a potential Israeli operation, and this is what the kitchen cabinet’s third meeting will deal with.

[Financial Post - Top Stories] U.K. prices dip for first time in 50 years: Take a journey on the black highway of profit as Todd drives his big-rig of knowledge into a rest stop of rhetoric and blows it sky high with his novelty lighter of facts. Also, learn about oil and it's part in our economy.

[Freedom Bloggers] Gates of Vienna News Feed 12/23/2008: San Francisco: The US economy has a 50 per cent chance of falling into a depression during the next three years, said Roger Farmer, a member of the National Bureau of Economic Research’s economic fluctuations and growth programme.

[Rana Mitra's blog] PRESENT CRISIS OF CAPITALISM-SYSTEMIC OR TEMPORARY?: to create necessary demand in the economy, controlling the flow of speculative finance in and out of country (in the language of Keynes, “Finance has to be necessarily national”), putting necessary purchasing power into the hands of vulnerable sections of the society like working class and peasantry by strengthening ”˜right to collective bargaining’ (according to the latest “Global Wage Report, 2008-09”, ILO) so that the workers and peasants increase their share in national wealth, thereby generate effective demand in the economy, more stress on land reforms and small-scale peasant agriculture with necessary support from the govt. in form of cheap credit, subsidized inputs, assured market etc.

[MRO Blog] MRO Blog Homepage: I've studied the industry more than anyone I've ever met...and have never uncovered an MRO business failure/closure due 'solely' to a lack of customers. Every MRO failure I've investigated over the past two decades was due to inept management - not the cost of jet fuel, not the cost of money, not a shortage of people, not ornerous regulatory oversight, airport restrictions, inadequate facilities and not a lack of infrastructure support.

[The Bing Blog] Another week closer to recovery! - The Bing Blog: When Obama came, the highest priority on his political agenda was the closure of this camp, which witnessed in its murkiness the most extreme kinds of torture. For a large number of victims the hope that we sustain in the black American president is more than can be quantified and we are certain that this leader will exert the utmost of his efforts to anchor the principles of justice for all people of the world.

[Andrew Neil's blog] BBC NEWS | The Daily Politics | Andrew Neil's blog | Busy day at ...: Somewhat belatedly, because monetary economics is no longer fashionable, the Bank has realised that the supply of money in the economy has reduced to recession-inducing levels -- it's currently growing at less than 4%, which is the sort of level that leads to depression -- there just isn't enough of the stuff around to keep the economy ticking over. So it plans to do what the US Federal Reserve has already begun: the banks and big corporations hold a lot of government debt - gilts - and other kinds of debt on their balance sheets and the bank will start to buy them up, giving the banks and companies cash in return.

[Goldnotes - A Resource Investor's Blog] Goldnotes - A Resource Investor’s Blog » London Irvine Report ...: “What it introduces is the problem of the currency to the extent that the Fed is buying what isn’t desired by foreign holders,” said Bill Gross, co-chief investment officer of Pacific Investment Management Co., in an interview on Bloomberg Television on March 19. “The Fed can keep interest rates where they want to keep them, at least for a 6- to 12- to 18-month period of time, but it will have consequences down the road.”

[Architecture and the Urban Landscape] Closing of Catholic churches raises an urgent question: Can these ...: Everything in the church -- from the statues and windows, to the orientation of the pews, to the situation of the sactuary -- is supposed to contribute to the Sacrifice that is occuring on the altar. The tragedy of a church closure is compounded by the fact that the faithful must abandon these magnificent structures for the barren, modernist catastrophes that we find among many newer suburban churches, where a feeling of the sacred is woefully absent.

[The Baseline Scenario] Recession in China? « The Baseline Scenario: the Taiwan straights standoff and the Hainan plane incident that tested Clinton and Bush respectively.) In the past these kinds of probes have been military, but my guess is that this time around they may try to exert some form of economic pressure. China’s goal right now is not to take down the U.S. economy (for a number of reasons) but rather to see how hard they can push and how much they can make us squirm for use in future discussions about human rights, trade with regimes we don’t like, Taiwan, etc.

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