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Even with bold spending cuts, there will still be a large deficit.
Slovakia also intends to introduce bold spending reforms, shifting much of its health-care system to private insurance plans.Big foreign investors are taking note.
"Budget Worries Push Governors to Same Mind-Set" (front page, Jan . 17 emphasized governors' bold spending cuts, which is half of their leadership role, but de-emphasized their timidity to raise revenues, the other half.
The government has cut interest rates twice in the last two months and announced a series of bold spending packages aimed at reviving construction and government projects, such as the nation's high-speed rail system.
Mr. Bo, a former commerce minister, used his post in Chongqing to cast the sprawling, haze-covered municipality as a showcase for his mix of populist policies and bold spending plans that won support from leftists yearning for a charismatic leader.
But some cautious political consultants warn candidates to stay away from embracing bold spending proposals to create jobs.
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Then, in September, ADC made its first really bold move, spending a full 8% of its market cap, or stock worth $2.2 billion, to acquire competitor Broadband Access Inc.
President Bush proposed bold new spending for basic research and energy studies in his State of the Union address last night, adding White House leadership to a drumbeat of recent calls from various sectors to boost America's international competitiveness (ScienceNOW, 26 January).
But while millions of Americans are waiting for the government to do the right thing in terms of bold infrastructure spending, a payroll tax holiday, etc, etc, many have decided to stop waiting.
In a debate without Conservative leader David Cameron and Liberal Democrat Nick Clegg, Labour's leader was challenged to be "bolder" on spending.
The shy roaches ran for cover as soon as they entered the arena, whereas bold individuals spent more time exploring, the team reports online today in the Proceedings of the Royal Society B. And the roaches consistently behaved in these same ways in each test.
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