Word: catoe
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...meal per day or less. Governor Gono's incessant printing of Zimbabwean dollars has deepened the country's economic woes, turning what was once the breadbasket of Africa into a financial basket case. Just last month, he unveiled a series of trillion-dollar notes. The Cato Institute estimates the country's hyperinflation, one of the worst in history, exceeds 89 sextillion percent, or roughly a doubling of prices every 24 hours. Rather than admit to economic mismanagement and corruption, government officials are scapegoating the stock exchange. "There have been attempts to blame 'speculators' and 'rogue traders' for a sharp depreciation...
...system. According to the IRS, more than 60 percent of Americans use professional help to prepare their income-tax returns. A convoluted system of deductions, rules, and exceptions, the U.S. tax code takes more than 66,000 pages to explain. Chris Edwards, a director of fiscal policy at the Cato Institute, remarked that just complying with the current tax system costs the nation around 2 percent of its GDP. In light of these recent examples and as part of larger economic reforms, the tax system should certainly be streamlined. But the complexity of the tax code is no excuse...
...American Enterprise Institute, a right-leaning think tank, invited Gramm in Friday to make his case and take some questions. The crowd was heavy on the conservative Washington notables - Cato Institute chairman emeritus William Niskanen, McCain campaign talking head Nancy Pfotenhauer and Iraq War architect Paul Wolfowitz were three that I recognized. But rabble off the street were welcome as well. (Read a critique of Phil Gramm's explanation of the financial crisis...
Gene Healy, a vice president of the libertarian Cato Institute and author of The Cult of the Presidency, maintains the biggest danger is the possibility of mission creep because there just aren't that many terrorist attacks and disasters to keep the military busy on a regular basis...
...thought to be the originators of the pastry shell, which they made by combining water and flour. The wealthy Romans used many different kinds of meats - even mussels and other types of seafood - in their pies. Meat pies were also often part of Roman dessert courses, or secundae mensea. Cato the Younger recorded the popularity of this sweet course, and a cheesecake-like dish called Placenta, in his treatise De Agricultura...