Word: currented
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...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 goes well. The deficit amounts may be less dizzying in Europe, but they're still a major cause of concern for fiscal purists who fear that some governments may end up drowning in red ink. Twenty of the European Union's 27 members are running deficits to ease their way through the global...
...high and financing them just isn't possible anymore, the entire thing will come falling down," says Eric Grémont, co-founder of the Paris-based Politico-Economic Observatory of Capitalistic Structures. To avoid this, he and Touati both say that states must freeze their spending at current levels to speed up a return to economic growth. But when that happens, they add, governments must also start slashing budgets, reducing expensive state services and cutting jobs - all the things that tend to weigh economies down in good times. Why? Because they say the only way big-spending nations...
...unconscious man was found on a walkway in front of Peabody Terrace at 1:15 a.m. on Friday, according Harvard shuttle operator Melvin Washington, Jr. The person’s identity and current medical condition remain unknown at this point...
...eagerly anticipate a midterm election that could realistically put them back in control of at least one of the two chambers of Congress, it's easy to forget just how marginalized they felt only a year ago, and what a big gamble they took to find themselves in their current position...
...imprisoned, because their movement's activities are so curtailed and many of their aides and allies are in jail. Moreover, the longer the protests have continued in the face of harsh repression, the more demonstrations have turned violent and seen their ire directed not just at the current government but toward the Islamic system itself. Not only does this make it easier for the state to delegitimize the protesters as agents of foreign powers; overturning the Islamic system would also deprive the opposition leaders - mostly clerics and former government officials - of their base of authority and legitimacy. The more radical...