Word: budgeting
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...back against speculators who want to short the euro or use it in carry trades, further depressing the already soft currency. Just this week Spain's Finance Minister, Elena Salgado, flew to London to assure bondholders that her country remains solvent and unveil a proposal to cut Spain's budget deficit...
...spite of his proposed three-year freeze on all domestic discretionary expenditures unrelated to defense, homeland security, or veterans’ affairs, President Obama’s $3.8 trillion budget for 2011 will actually increase spending for various education programs. We welcome the influx of money to a system in dire need of help, and take heart that Obama sees education as a priority even during trying financial times...
...increase in question, released on Feb. 1, augments the current budget for Pell Grants by six percent, raising the minimum grant from $5,500 to $5,710. It will also allocate an additional one billion dollars to the National Institutes of Health, constituting a 3.2 percent increase, the largest such increase in eight years. The National Science Foundation, likewise, will see an eight percent growth in the size its budget under Obama’s proposal. These changes will likely make American education available to an even wider group of students, and they therefore deserve praise...
...understanding of the primacy of education. Massachusetts, for example, recently passed a bill doubling the number of charter schools and expanding the powers of superintendents to overhaul failing schools. Even in the face of soaring deficits, it is essential for education programs to be the very last budget items to receive cuts, for education is the very foundation of any nation’s economy...
...weeks, European leaders have dismissed talk of a bailout for debt-plagued Greece, saying the country could tackle its enormous budget problems on its own. Now, however, as fears of a default domino effect in Europe have shaken global confidence in the euro, the continent's major powers are changing their tune. Suddenly, the question is not, Will Greece need assistance? but, Who is going to help...