Word: accounting
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...pitch her tent so deliberately close to that of other writers. The allegory of Rodoreda’s novel is glaringly reminiscent of its more renowned contemporary, J.M. Coetzee’s “Waiting for the Barbarians.” Whereas Coetzee uses myth to provide an account of nobility in the midst of brutality—itself a critique of South African apartheid—Rodoreda’s rootless fantasy world communicates comparatively little of Coetzee’s allegorical power. Through the unnamed narrator, Rodoreda implements an emotionally stripped style as a stand...
...some ways, the world has become accustomed to the United States being a voracious consumer market and the engine that drives a lot of economic growth worldwide," Obama said, hinting that this position may not be sustainable. "We're going to have to take into account a whole host of factors that can increase our savings rate and start dealing with our long-term fiscal position as well as our current account deficits." (See pictures of the global financial crisis...
...Largely left out, however, is the vital role that trade balances played in igniting the crisis in the first place. Since the late 1990s, the U.S. has been spending far more than it has earned, sending huge sums of capital overseas, a dynamic measured as the current account deficit. This "giant pool of money," as the radio program This American Life described it, did not stay in low-spending surplus countries like China or oil-producing states. Instead, much of it came back to the U.S. in the form of cheap credit. "Like water seeking its level, saving flowed from...
...also "emerging market" nations such as India and China, together with middle-income economies such as South Korea and Mexico. Together, the 19 nations (plus the European Union, which explains the 20 - though the World Bank and IMF are also members of the G-20, just to confuse things) account for about 90% of world GDP, 80% of world trade and two-thirds of the world's population...
...commander of the U.S.-led forces, says the police have taken in 5,000 and the army 500. Even so, the figure is clearly not the promised 20%. A recent hiring freeze in the security forces - prompted by budget woes due to the massive drop in oil prices, which account for about 90% of government revenues - has further reduced the likelihood that the 20% benchmark will be achieved anytime soon...