Word: budgets
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Dates: during 2000-2009
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Local commercials have a unique charm. Absent production values, ad-agency guidance, a budget or, often, common sense, the results can be endearingly bad. Two filmmakers with an appreciation for such train wrecks are accepting nominations for businesses in need of a quirky local commercial of their own, documenting the absurdity on their website, I Love Local Commercials. (See the 50 best websites...
...contraction, U.S. GDP grew 3.5% in the third quarter of this year, but the jobless rate has surged to 10.2%, the highest since 1983. Raising interest rates runs the risk of worsening unemployment. For the same reason, the U.S. cannot withdraw stimulus spending either, even though the U.S. budget deficit has topped a record $1.7 trillion. Last week, mortgage lender Fannie Mae reported $18.9 billion in third-quarter losses and said it needs another $15 billion in taxpayer money to survive...
...finding it easier to make campaign promises than to keep them. Less than two months after taking over, Hatoyama's administration is being forced into a difficult balancing act between the need to prevent a double-dip recession and the desire to keep Japan's budget deficit from spinning out of control. The recession is knocking tax revenues so far below expectations that the deficit will rise to $548 billion this year, an enormous 10% of GDP. Yet, despite Hatoyama's instructions to keep next year's spending no higher than this year's initial budget of $970 billion...
...Thankfully, in the face of mounting bad news on the budget front, Hatoyama is not stubbornly clinging to pledges of fiscal austerity. Major spending cuts have been rendered unrealistic by the current economic climate. Falling real wages and low business investment mean Japan's recovery is fragile. A recent Nikkei newspaper survey showed that 38% of top Japanese executives rated the likelihood of another downturn next year as high or somewhat high. The biggest risk, cited by 69% of respondents, was "the effect of fiscal stimulus measures wearing off." Hatoyama appears to be willing to continue stimulus spending under...
...such programs in an effort to engage parents who are otherwise uninvolved in their child's education. Philadelphia has invested heavily in this year's launch of a comprehensive and wide-ranging program for parents. Boston is reviving its Parent University following an earlier version's demise due to budget cuts. And Miami's Parent Academy, now in its fifth year, offers more than 100 workshops that range from Help Your Child Succeed in Math to Teaching Behavior Skills...