Word: badly
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...within the last year due to economic uncertainty, and some of them ended up buying within the last few weeks due to the CFC program. That is, it motivated people to buy who had not been planning to do so, which means there shouldn't be a bad sales payback. Having said that, there will be a natural decline in new-vehicle sales for the rest of the year when compared to August levels unless we see a new stimulus or record manufacturer incentives. Without those stimulants, we'll go back to the preclunker levels of about...
...First of all, as economist Robert Shiller has pointed out, the index that bears his name has shown signs of turning a corner in the past. In early 2008, the rate of monthly home-price declines started dropping (that is, the housing situation looked to be moving from really bad to less bad). That momentum didn't stick, though, owing to the broader economic downturn. This time around, a first-time homebuyer tax credit is giving a huge boost to the market - nearly a third of buyers now fall into that camp. If the feds don't extend that...
...federal government's spending oscillated over the subsequent decades, running a surplus in the good years and a deficit in the bad ones, until the early 1980s. President Ronald Reagan's economic and foreign policies - tax cuts combined with substantial increases in Cold War-era defense spending - led to a string of deficits that averaged $206 billion a year between 1983 and 1992. The balanced-budget acts of 1990 and 1997 helped reverse this unprecedented level of peacetime spending, and in 1998 the U.S. recorded its first budget surplus in nearly 20 years...
Deficits aren't always bad: excess government spending can help alleviate the pain of an economic downturn by encouraging business and curbing unemployment (this is the theory behind the New Deal and Obama's stimulus package). But that doesn't mean that deficits are good, either. The U.S. covers the shortfall by issuing more government bonds, which can drive up interest rates and lead to inflation. Deficits also make it harder for a financially strapped government to deal with unexpected disasters. In fact, the last U.S. budget surplus occurred in 2001, when Washington was able to use fiscal and monetary...
...last four hours, because you've just been chewing khat and all your problems actually got worse," says Adel al-Shujaa, a professor of political science at Sana'a University and the head of the Yemen Without Khat Association. Plus, he says, "all the decisions you've made are bad because you've made them while on khat...