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“Priming the pump”

“Priming the pump,” or “pump priming”--this is the key principle behind Keynesian economics: the idea that the state can--and should--artificially stimulate “aggregate demand” (as opposed to aggregate supply) to revitalize the economy.
Posted On Feb 23 1999 00:00
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NMC board bypassed •Some raises made without board authority, panel hears

The House committee on Health, Education and Welfare pounded on the controversial pay increase for few employees of the Northern Marianas College during the resumption of its oversight hearing yesterday, uncovering arbitrary decisions made without approval of the Board of Regents...
Posted On Feb 23 1999 00:00
, By

Governor OKs monetary awards for workers

A bill that will provide up to $3,000 in unpaid compensation and repatriation cost for nonresidents awaiting awarded monetary damages was signed into law by Gov. Pedro P. Tenorio in another attempt to soothe angry guest workers seeking back wages and derail a federal takeover of...
Posted On Feb 23 1999 00:00
, By

Korean arrivals in positive territory

With the slight improvement of visitor arrivals last month, the Marianas Visitors Authority is hopeful that this will signal the much awaited recovery of the island's tourism economy.
Posted On Feb 23 1999 00:00
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