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unemployment

(Encyclopedia)unemployment, condition of one who is able to work but unable to find work. Once assumed to be voluntary, idleness was punishable by law; however it is now recognized that unemployment often arises fr...

budget

(Encyclopedia)budget, inclusive list of proposed expenditures and expected receipts of any person, enterprise, or government for a specified period, usually one year. Budget estimates are based on the expenditures ...

Bachelet, Michele

(Encyclopedia)Bachelet, Michele (Verónica Michele Bachelet Jeria) bĕōnˈēka mēchĕlˈ bächĕlĕtˈ herˈēä [key], 1951–, Chilean political leader and government official, president of Chile (2006–10, 20...

interest

(Encyclopedia)interest, charge for the use of credit or money, usually figured as a percentage of the principal and computed annually. Simple interest is computed annually on the principal. Compound interest, paid ...

economic planning

(Encyclopedia)economic planning, control and direction of economic activity by a central public authority. In its modern usage, economic planning tends to be pitted against the laissez-faire philosophy which develo...

Odebrecht corruption scandal

(Encyclopedia)Odebrecht corruption scandal, series of graft scandals involving the Odebrecht (now Novonor), a Brazilian construction and petrochemicals conglomerate, as well as Petrobras, the Brazilian multinationa...

Brown, Gordon

(Encyclopedia)Brown, Gordon (James Gordon Brown), 1951–, British politician. From 1975 to 1980 he taught at Edinburgh Univ. and Glasgow College of Technology; he then joined Scottish Television (1980–83) as a j...

Cameron, David William Duncan

(Encyclopedia)Cameron, David William Duncan kămˈərən [key], 1966–, British political leader, b. London. Educated at Eton and Oxford, he worked for the Conservative party's research department beginning in 198...

Bernanke, Ben Shalom

(Encyclopedia)Bernanke, Ben Shalom bĕrnăngkˈē [key], 1953–, U.S. economist and government official, b. Augusta, Ga.; grad. Harvard (B.A., 1975), Massachusetts Institute of Technology (Ph.D., 1979). He was a p...

Ford, Gerald Rudolph

(Encyclopedia)Ford, Gerald Rudolph, 1913–2006, 38th president of the United States (1974–77), b. Omaha, Nebr. He was originally named Leslie Lynch King, Jr., but his parents were divorced when he was two, and w...