Word: cutting
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Until recently, Spain was one of the European Union's great success stories. In 1992, Spain's per capita GDP was 70% of the E.U. average; by 2006 it was 90% of that of the 15 pre-2004 members. Growth helped cut unemployment, which had hovered near 20% for decades, to 8.3% in 2007, and drew hundreds of thousands of immigrants to a country that had, in the '50s and '60s, sent its own desperate citizens abroad. (Read: "Bitter Harvest in Spain's Olive Country...
...argue that we simply withdraw. America was bleeding, its cities were burning, and it was never clear to me exactly how McNamara connected this America with that war in Vietnam. In wartime, the Pentagon is the biggest bunker of all, aware of what's going on, but remote, cut...
...born here, man,” Nick said before his dad cut...
...More than 300 UC scientists have issued a white paper warning Schwarzenegger that the sharp reduction endangers the 10-campus system's position as the premier public university in the United States and could have a negative impact on California's future economic growth. According to UC officials, the cut in state funding brings the "amount of state investment in the University down to $2.4 billion - exactly where it was in real dollars a decade ago." During the same period, spending on state prisons has more than doubled, to $11 billion. (See pictures of the college dorm's evolution...
California's crisis continues while Governor Arnold Schwarzenegger and legislative leaders inch slowly toward agreement on the deep cuts necessary to close the state's massive $26 billion budget shortfall. Now, even as California continues to pay its bills with IOUs, the University of California, the nation's leading public university, is being forced to cut its budget by $813 million - or 20%. It is highly unlikely that these cuts will be reduced by a budget agreement in Sacramento...