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...more than the country can afford, with the defense budget far exceeding the government's revenue after servicing of the national debt. "It just doesn't work," says Harsha da Silva, an economist and consultant to the Asian Development Bank. A victory would reduce that spending but might also bring down with it a rural economy propped up by soldiers' salaries and pensions. In many villages, the army is the main employer, and without it, families will begin to feel the full effect of the global recession in the garment, tourism and tea industries--the three pillars of Sri Lanka...
...high-speed rail lines and raising the deficit to 10% of gross domestic product, the highest figure since World War II. But assuming the economy has begun to turn around, the two-year spending splurge would be followed by a steady return to fiscal sanity: Obama wanted to bring the deficit down to 3% of GDP--still a whopping $546 billion...
...that kind of stuff, it is neither here nor there,” he said. “It’s about what you bring to the table—the knowledge and background you have...
...well known fact that road trips bring sports teams together. But they also bring beat teams together.This past weekend, the men’s basketball team travelled to Ithaca, New York and New York City to square off against league foes while we—men’s hoops writers Timothy J. Walsh, Dennis Zheng, and myself–sojourned with them. And while the Crimson basketball team suffered two defeats, we experienced the lavish lifestyle of the road.Well, sort of.Cruising to the tunes of T. Pain, Lil’ Wayne and the Goo Goo Dolls, our bro-some...
...rather than undermine it. "France needs to put an end to questions in the minds of certain allies about whether its desire to construct a European defense identity is in part designed to weaken NATO," Tertrais says. "Total reintegration into NATO would not only alleviate these suspicions, but also bring France's evolution even with other European Union nation members in NATO. Since it was created in 1992, one important aspect of European evolution has been the increasing convergence of the E.U. and NATO...