Word: deathe
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...complicated equation - in laying off workers by the millions, corporate America may have cut costs and cleared the way for future profits and investment, but it has also reduced the number of consumers able to do any spending. Similarly, the current death throes of the housing market may prefigure an eventual rebirth, but in the meantime, falling prices and rising foreclosures are still wreaking havoc with consumer finances. More troubles for consumers could lead to renewed troubles for business and in housing, meaning there are feedback loops at work here that no economic forecast can fully capture...
...indeed appears that the fiscal year 2010 federal deficit could surpass 13 percent of GDP, the borrowing is hardly paying for a party. Ironically, with the Democrats in full control of the federal government for the first time in 14 years, the beast, while in no imminent danger of death by starvation, is gravely malnourished. This is the case because the beast has two components: the federal government, but also the many state and local governments. Only the former has a credit card. Aside from tax revenues, state and local governments survive on charity from the feds and very limited...
...Beijing suburb where Ai and a staff of 15 work. "I think the government number is incomplete at best," Ai said from his Beijing offices. His staff has come up with a separate number - 5,205 - which he estimates accounts for about 80% of the actual student death toll. "It only reaffirms our disbelief in the official numbers ... I only feel lucky that we'd started the investigation early enough to know that the government is not telling the truth." (Read a transcript of the full interview with Ai Weiwei...
Humanitarian agencies have been warning for months that there would be huge civilian casualties if the Sri Lankan Army and the Liberation Tigers of Tamil Eelam continued their fight to the death with thousands of unarmed people caught between them. No one paid much heed to the desperate warnings except for the relief agencies themselves, and on Sunday, they appeared to prove correct...
...doctor working in a makeshift hospital inside the shrinking war zone in northern Sri Lanka told the Associated Press that 378 civilians had been killed and 1,100 injured due to heavy fire within the area demarcated as a no-fire zone by the government. The death toll kept rising as the day wore on. "Seeing the number of wounded and from what the people tell me, I estimate the death toll to be around 1,000," said Dr V Shanmugaraja. Early in the morning on May 12, the same hospital, located in the village of Mullivaikal, was hit again...