Word: budgets
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Dates: during 2000-2009
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...needs to be coordinated. One of the risks is that inflation could soar due to the explosion of national debt in many countries during the crisis. And early signs suggest governments have wildly different strategies. In Germany, for example, Chancellor Angela Merkel promised tough action to bring down the budget deficit, while in France, President Nicolas Sarkozy is looking to add to the country's debt though a huge government-bond issue next year. Such divergences are already causing alarm. Unless exit strategies also address the long-term sustainability of public finance and other challenges, Stark says, "the current crisis...
...extraneous care they provide out of fear of being sued--costs much more, but the data are unclear. Texas, for example, has not seen health-care spending drop since instituting award caps in 2003. While a 1996 study said caps could cut costs up to 9%, the Congressional Budget Office stated in 2008 that it had "not found sufficient evidence to conclude that practicing defensive medicine has a significant effect" on spending...
...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...