World-News

Christian Science Monitor

The nation’s economic focus is turning from saving the banking system to how to provide a rapidly rising tide of jobless with benefits and a road map to employment. And, just as there was a flashing-red-light urgency to the banking crisis, economists say the same haste has to be taken to deal with what is becoming a massive lay-off problem. Dealing with the jobless has already become a priority for President-elect Barack Obama. Congress is now likely to enact a fiscal stimulus package, including extending unemployment benefits, in either its lame duck session or early in the new year. The risk to the economy is that layoffs cause more Americans to tighten their belts. As they cut back on their purchasing, business reduces its production, laying off yet more workers...

https://www.csmonitor.com/2008/1110/p01s03-usec.html


Informant: Thomas L. Knapp



https://freepage.twoday.net/search?q=unemployment
https://freepage.twoday.net/search?q=layoff
https://freepage.twoday.net/search?q=job+loss
https://freepage.twoday.net/search?q=bailout
https://freepage.twoday.net/search?q=banking+crisis
https://freepage.twoday.net/search?q=stimulus