Word: bustingly
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...influence on surrounding communities impels Harvard to adopt spending and investment habits that make initiatives like the construction of the Allston science complex less dependent on market conditions or investing climates. A more conservative approach to investing and spending would ensure that, no matter the state of boom or bust in the markets, key Harvard initiatives, whose progresses have an uncommonly significant effect on the community, will not be stalled in a manner that is unduly harmful to community residents. We can see the effects of poor financial planning simply by observing the pernicious effects of our stymied science-complex...
...FDIC says 416 banks are at risk of failure, up from 117 a year ago. Soured commercial real estate loans alone may generate a fresh $600 billion in losses by 2013. Veteran bank analyst Gerard Cassidy of RBC Capital Markets expects as many as 1,000 lenders to go bust in total...
...tech bust in the beginning of the decade would eventually prove him right, and his investments remained safe...
...notorious Proposition 13, which has severely restricted local property taxes since 1978. California is also one of only three states that need a two-thirds supermajority to pass a budget or raise taxes, a virtual impossibility in its ultra-partisan legislature. So it relies on a boom-and-bust tax base that even many liberals admit is overreliant on the rich. The state's economy actually grew last year, but its revenues crashed because its top earners had lower incomes and capital gains. That meant sharp cutbacks, especially in education, which in California is unusually dependent on state cash...
...major Pacific port, Lázaro Cárdenas. In 2006, Mexican police seized 19 tons of it there and linked it to the owner of a Mexico City mansion where $207 million were found piled in mountains of notes - believed to be the biggest drug-cash bust ever...