Word: crisises
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In the past year, FAS has undergone a tumultuous budgeting process that included various town hall meetings conducted by Smith, who trumpeted the need for massive “reshaping” to confront a looming $220 million deficit brought on by the financial crisis.
The CFPA wouldn't address the root causes of the crisis. Warren argues that the financial meltdown of 2008 was essentially a consumer-protection meltdown, a direct result of exploitative loans that never should have been approved. It's certainly true that the securities that sparked the crisis began imploding...
About a year ago - with the wounds of the Bush Administration fresh, a new President surging into office on a wave of enthusiasm, and Democrats in control of the Oval Office and both houses of Congress for the first time since the mid-'90s - the elder statesmen of the conservative...
Under pressure from the European Union, the Greek government has outlined a series of public-sector wage cuts and tax increases that are intended to help slash the deficit from the current 12.7% of GDP to the E.U. limit of 3% by 2012. While the impact of the new measures...
Costas Avdelas, 51, who lost his job at Olympic Airways when the government privatized the airline last year, fears the struggling economy means he won't be able to find new work anytime soon. "In Greece, there are no jobs, so there's no economic crisis," he jokes. Avdelas is...