Word: crisises
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The U.S. is clearly in a debt league of its own. Obama's proposed deficit, representing about 11% of gross domestic product, is part of a 10-year plan aimed at reducing the U.S. budget shortfall from its current level to a still hefty annual average of 3.6% if everything...
Perhaps the worst part, however, is that deficits have risen the fastest in the euro-zone group, which requires members to limit their budget shortfalls to 3% of GDP. Many of these countries began exceeding that threshold before the financial crisis began and then went well above it after the...
Why all the stress about deficit spending - especially in the wake of the worst recession to hit the continent in a lifetime? Because the habit isn't new, and it is clearly harder to kick than governments pretend. Observers note that the borrowing kick has already lifted French public debt...
Stage director Stewart N. Kramer ’12 hopes “Albert Herring” will resonate with audiences at Harvard. “It’s an opera that is very much about young people, about the experience of being young. Even though most of the...
But due to the financial crisis last year, the College administration instituted sweeping budget cuts, reducing the CEB’s budget.