Word: cutting
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...Thursday those words of woe were backed up by a fresh report on the rapidly deteriorating condition of state finances. Revenues are dropping so fast that state budget cutters can't keep up, according to a report released by the National Conference of State Legislatures (NCSL). States that collectively cut $40 billion in spending to balance their budgets over the summer are now facing an additional $32 billion shortfall as tax receipts come in below estimates, the report said. And the fiscal year after that - running from July 2009 through June 2010 - could be even worse, with a projected...
...Glaeser calculates that in a stable market reducing mortgage rates to 4.5% would boost home prices by 5.2%. But this isn't a stable market. Before the announced plan, housing prices were expected to drop as much as another 20%. That means the Treasury's proposed mortgage rate cut will fall well short of stopping the continued fall in real estate prices. "All of these subsidies end up with taxpayers holding the bag," says Glaeser. "It's a terrible idea...
...years ago are still relevant today.”To enhance this darker political message, Morris and music director David H. Miller ’11 decided to include a deleted song, “Fold Your Flapping Wings.” Infrequently performed, the song was cut early in the show’s initial run because reviewers found it too bleak for a light comic operetta. “In today’s cultural climate, a song being too dark is not a good reason to not do it,” Morris says...
...York based label DFA Records, founded by Tim Goldsworthy and LCD Soundsystem frontman James Murphy. Murphy’s been pushing conversion to the disco ideals for almost a decade now, to growing success, along with groups like London’s Hot Chip and Melbourne’s Cut Copy. Their music is faster, deeper, and more likely to rattle you than anything my mother might have heard as Studio 54 was closing. Just as disco was never really the same as Disco, this new wave should not be considered a Disco revival. Rather, it is a new willingness...
...that there’s this train, and if they’re not on the train, it’s not going to leave the station,” he said. “We’re just going to spin our wheels—we cut emissions in one part of the world, but they increase in another part of the world. What we need to do in our thinking is to separate getting on the train with paying a fare...