Word: deficits
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Dates: during 2000-2009
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British Airways posted a deficit for its most recent fiscal year. The company lost $595 million. Part of that was because fuel costs rose 45% to more than $4 billion...
...Faculty of Arts and Sciences Dean Michael D. Smith recently appointed six working groups to oversee what he has called the “reshaping” of different sections of FAS, which is set to run an annual deficit of over $143 million that administrators hope to close by July 2011. According to University President Drew G. Faust, the purpose of the working groups is to come up with ideas for “structural changes,” which could include “better ways of sharing” administrative duties...
...fact that there is one at all should be troubling to the Treasury and the Fed. While the chances of American defaulting on any portion of its debt are small, if the recession drags on the odds that the government will have trouble raising money to finance the deficit will rise. To keep its credit rating, the American government will be faced with curtailing many of its stimulus programs or sharply raising the tax burden. Either action could slow any recovery making a burgeoning deficit a "Catch 22″ in which no alternative is acceptable...
...until the government no longer needs capital to run the country and save the world. IRS receipts are already running well below the Administration's forecast. The interest rate that the government will have to pay for money may go up as investors become less comfortable with the federal deficit. The Chinese government, which is the most important single purchaser of US paper, has expressed concern about the profligacy of American spending. No one can tell what the Omega is for government borrowing, but that will certainly be tested over the next year...
...suggestions, and the academic deans of FAS approved those that made better use of our limited resources within the context of our core mission. The approved list equates to a $77 million reduction in our annual operating budget but represents only 35 percent of the $220 million deficit that FAS will face in two short years (based on what we know today...