Word: deficit
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...exception, though, is Uncle Sam. Even before the financial crisis forced the government's hand, the U.S. had again become addicted to deficit spending - relying on the kindness of strangers (in this case, mainly Chinese and Japanese central bankers) to finance its spendthrift ways. In September the Congressional Budget Office's baseline deficit forecast for 2008 was $407 billion. Now, with the Treasury's massive intervention in support of banks and financial markets ($700 billion at a minimum) and with a second economic-stimulus package a political certainty, the government deficit could soar next year to $1 trillion...
...over the next two to three years. "We're going to save more and spend less, because now we don't have a choice," he says. That increase in savings, he figures, will amount to some $1 trillion - about the projected size of next year's deficit...
...right to praise the robustness of the banking sector, but there are some vulnerabilities here, too: several of Turkey's banks have been acquired by foreign companies, including two European banks that have run into financial trouble elsewhere, Fortis and Dexia. Turkey also has a current account deficit that amounts to about 6% of its economy, and a recent Goldman Sachs study of emerging markets most at risk highlights that deficit as a potential trouble spot. Still, overall, Turkey came in 12th out of the 18 countries that Goldman examined, just behind Brazil, but in substantially better shape than...
...people are really distorting and misleading voters,” Temple said. “I would never, ever work in an industry that mistreats animals at all. This measure would put over 1,000 hardworking families out of work, and with this national economy and Massachusetts in another deficit, where are people going to find work?” Dorchak called the arguments used by the dog racing industry “bottom of the barrel attempts to confuse voters,” emphasizing that all data used by her group is documented by records and photos taken...
...Crimson (8-3-3, 3-1 Ivy) overcame a sluggish start and early one-goal deficit, putting together a sparkling second half en route to a 2-1 win over the Crusaders (3-12-0, 1-3 Patriot) in its final nonconference game last night in Worcester, Mass...