Word: budget
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...right man for one of the most thankless jobs in America. Bing inherited a budget deficit of at least $275 million, an unemployment rate of about 29% and a city government that barely functions. His turnaround strategy hinges not on personal warmth but on two key arguments: First, Detroit must reduce the size of its 42 government agencies to be proportionate to a city with a shrinking population and smaller coffers. That, in turn, means potentially reducing the city's job rolls from 13,200 to about 12,000 by the end of 2009 - a risky proposition in a region...
...matters of business and finance, Westerwelle is far from sharing France's passion for government meddling. Indeed, his calls for German tax cuts and fiscal restraint to bring down the budget deficit is diametrically opposed to Sarkozy's plans to spend his way out of the crisis with a new gigantic government-bond issue. Still, when it comes to Germany's relationship with France, Joannin of the Robert Schumann Foundation points out that the Chancellery rather than the Foreign Ministry usually calls the shots. (Read: "Guido Westerwelle: Angela Merkel's Unlikely Partner...
...spin-offs. Many of those same enthusiasts now say they have been vindicated. Operating a satellite at a distance ten times beyond anything they had done before has given the ISRO valuable experience in hi-tech spacecraft, rocketry and advanced remote navigation technology. At $79 million, the program's budget also comes in way under those by many competitors...
...Even if the Baucus bill bears Snowe's stamp, that does not mean it will get her vote. She stood with Republicans when they demanded that Baucus submit his vast measure to full scoring by the Congressional Budget Office to ensure that everyone knew what it would cost. Nor has she said she will support the bill's individual mandate, which would require people who are not covered by their employers or by government programs to buy coverage for themselves, just as car owners in nearly every state must have auto insurance. Without such a requirement, the bill is likely...
...Still, Snowe has been willing to bolt from her party in the past. She was one of only three Republicans to support Obama's economic-stimulus plan in February. The White House has assiduously courted her; its budget director, Peter Orszag, interrupted his Maine vacation in August to have dinner with Snowe and an aide at a Greek restaurant in Portland. And the amicability has been mutual. While others in the GOP have gone so far as to brand Obama a socialist for his effort to expand the government's role in an industry that accounts for one-sixth...