Word: deficit
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...columnist David Leonhardt makes a clever pitch for spending now on things that will save you money later--such as Kindles and Costco memberships. But that's not going to stave off depression. And so government indebtedness and spending are being substituted for consumer indebtedness and spending. The federal deficit is projected to hit $1.2 trillion this year, and that's not counting the close to $1 trillion in further stimulus being contemplated by Congress...
...year on K-12 education, or nearly half its general fund, which receives revenue from a variety of sources, including income and sales taxes. This year, however, the double whammy of endless layoffs and an imploding real estate market has decimated the fund, with legislators projecting a $42 billion deficit by the middle of next year...
...reality is that the two countries have morphed into a state of co-dependence that makes separation virtually impossible. Because the Chinese are dependent on American consumers to buy their goods (the U.S. had a $246 billion trade deficit with China as of November 2008) and because the U.S. is dependent on China to fund its $10.7 trillion debt, economics bind us indissolubly together. But we are also connected in one other way. Both the U.S. and China are rich in coal as an energy source and collectively produce upwards of 50% of the world's annual emission of greenhouse...
...player showed no fatigue after tough weekend matches, dominating the opening game en route to a 9-1 win, but faltered by dropping his next two. Faced with an uphill battle, Endresen claimed the fourth game, setting up a pivotal final frame. The sophomore stumbled to a 0-5 deficit before finding his rhythm and climbing back to a 10-8 victory.“It felt pretty good to win the game,” Endresen said. “Last year we played Yale at Nationals, and unfortunately I lost, so it was a very nice revenge...
...solve the current economic problem, the government must be willing to run up a 40 percent budget deficit, Krugman said...