Word: deficits
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...spot at the Eastern Championships the next week, and if tensions were not high enough, Harvard had to live down losing its previous three meetings with the Bears, as well as having suffered a blowout by Hartwick the previous night. No matter, as the players overturned a 5-4 deficit with two goals early in the fourth quarter, then bolted the door on defense to hold on for the win. Crimson coach Erik Farrar was quite visibly pumped and was much more excited to talk about that game than he had been the previous night. No surprise there, as this...
...these hopes float on the audacity of deficit spending. By the time taxpayers are done cleaning up the books of the two companies and refilling their tanks with enough cash to keep them going - along with their finance arm, GMAC, and their key suppliers - the public price tag will exceed $100 billion. Add billions more in subsidies for researching and developing green technology and still more billions in tax credits to motivate buyers to go green. If someday GM and Chrysler become consistently profitable, the government loans will be repaid and both companies restored to total private control. The operative...
...Although Medvedev did not give a new estimate for the GDP decline in 2009, he said this year's budget deficit will be at least 7% of GDP - "and that's an optimistic forecast." On Friday, government figures for the first quarter showed the economy shrank at an annual rate of 9.5%, a radical revision after officials forecast in February that Russia's GDP would decline by only 2.2% this year. The International Monetary Fund has predicted that Russia's GDP could drop as much as 6% this year. "In 2009, unfortunately, we expect a sharper fall...
...Kudrin said that even a 5% budget deficit - lower than Medvedev's new prediction - would be enough to exhaust the government's $113 billion Reserve Fund, which is generated mostly through oil and gas export revenues. But he said that since the government is tightening spending and basing its budget on "conservative" oil price forecasts of $50 a barrel in 2010, $52 in 2011 and $53 in 2012, he believes the fund could begin replenishing itself as early as in 2011. Part of the reason for Russia's current predicament is earlier over-optimistic estimates for oil revenues, which make...
...bill for the first Gulf War. At the height of the Asian financial crisis in 1998, oil prices had fallen to just $12 a barrel. This meant that Saudi Arabia - which sells its precious black gold at a discount, on average - was getting just $7 a barrel. Deficit financing was the only solution, and the government started borrowing at home and abroad. By 1999, Saudi Arabia's government debt was bigger than its economy. And then came 9/11, which drove the final nails into the coffin of the country's image. A series of terrorist attacks inside the country added...