Bivens believes that managing the macroeconomy to make sure sufficient development in demand to take in the additional productive capability is vital to maintaining the variety of jobs. Of course, that’s easier said than done, and it requires the injection of more money into the economy. That means extra than just growing GDP; it means rising a base of consumers via rising wages and creating new jobs. And those jobs can’t be centered entirely in high-expert fields. January nineteenth Kodak filed for Chapter eleven chapter in New York, with the purpose of emerging with a totally reorganized enterprise by 2013. The corporate received $950 million in debtor-in-possession financing, which it stated would bolster liquidity and dealing capital. As an indication not only of the company’s troubles, but also of the decline of non-digital pictures, Kodak even offered the long-lasting movie arm of its enterprise later within the yr.
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