Word: bigger
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...find a way - through raising taxes or cutting spending - to make up for the $100 billion or so that Social Security had been handing over to the rest of the Federal Government annually. Now, with a budget deficit projected at $1.8 trillion this year, we've got far bigger fiscal issues to worry about...
...China's central bank made headlines by arguing that the time had come for the SDR to supplant the dollar as the world's "supersovereign reserve currency." A few days later, a U.N. task force recommended the same thing. Then U.S. Treasury Secretary Tim Geithner endorsed giving SDRs a bigger role. After the dollar fell in currency markets in reaction, Geithner backpedaled. But at the G-20 meeting in London, President Barack Obama joined the assembled heads of state in agreeing to a nearly tenfold, $250 billion increase in the amount of SDRs available to be lent out. (Read "China...
Both countries are hugely dependent on the petroleum deliveries that course through the Gulf of Aden and Strait of Hormuz to their ports. Defending those supplies is one reason both are building bigger and bigger navies. China's navy, with more than 300 ships, may in fact soon surpass the U.S.'s as the world's largest. Beijing is certainly sparing little to stock its ships with armaments. India, in the meantime, is acquiring several nuclear-powered submarines to augment its 155 military vessels in the ocean that bears its name...
...fury over AIG executives' bonuses is heightened by the overall anonymity of those behind the broader economic collapse, for which no one is being held responsible [March 30]. However understandable, this scapegoating distracts from the bigger problem and may debilitate the political will to enact appropriate legislation. Connell J. Maguire RIVIERA BEACH...
...latest methods used for trying to predict when the earth will shake. Indeed, a little-noticed controversy had erupted the week before, after Giampaolo Giuliani, a seismologist at the nearby Gran Sasso National Laboratory in Abruzzo, predicted, following months of small tremors in the area, that a much bigger jolt was on its way. The researcher had said that a "disastrous" earthquake would strike on March 29, but when it didn't, Guido Bertolaso, head of Italy's Civil Protection Agency, officially denounced Giuliani in court last week for "false alarm." "These imbeciles enjoy spreading false news," Bertolaso was quoted...