Word: deficits
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...with a single up the middle, scoring one. Junior centerfielder and Crimson sports editor Stephanie Krysiak’s strong throw home retired the second runner trying to score on the play.YALE 7, HARVARD 4In its first comeback attempt of the afternoon, Harvard tried to overcome a 7-1 deficit in the seventh inning. With one out in the frame, Pledger drove a double down the right-field line. Francis was next at the plate for Harvard, and the Bulldogs left fielder misplayed the ball, which allowed Francis to reach base safely and for freshman Jane Alexander, pinch-running...
...worry about 2017 was that the country was going to have to find a way - through raising taxes or cutting spending - to make up for the $100 billion or so that Social Security had been handing over to the rest of the Federal Government annually. Now, with a budget deficit projected at $1.8 trillion this year, we've got far bigger fiscal issues to worry about...
Over the short term, this can seem like a positive; we can get away with running a federal deficit that could hit $2 trillion this year only because of the dollar's status as global reserve currency. But borrowing trillions isn't really a ticket to long-run prosperity. In fact, the current economic crisis may have been spawned by huge imbalances in global trade and capital flows that are in part the product of the dollar's special status. Global demand for dollars supplanted demand for U.S. products and services, argues Columbia University economist and longtime SDR fan Joseph...
...show life in the fifth inning. Junior first baseman Dan Zailskas opened the frame with a base hit, followed by O’Neill and senior second baseman Taylor Meehan loading the bases with singles.With the sacks filled and no outs, Harvard looked to cut into the 6-0 deficit, but an untimely double play halted the rally. Although the Crimson plated Zailskas, it would earn only one more run in the contest, courtesy of Stack-Babich’s longball.“We definitely should have put up a lot more runs,” Hulse said...
...Yosano, the stimulus package marks something of a break with the past. He has a reputation as a deficit hawk. As recently as 2006, when minister of the economy, he moved to slash government expenditure 40% over five years, balance the budget by 2012 and double the consumption tax to 10% by 2015. In the light of Japan's economic meltdown, all that has changed. Like other deficit-busters, Yosano has turned to old-fashioned Keynesian demand management to kick-start the economy. "He shifted completely to say that to get over this crisis we need a big stimulus package...