Word: deficits
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...quizzed economists on the topic a decade ago, most would have told you that passing legislation to stimulate the economy was pointless. Getting the timing right was too hard. Increasing the deficit could bring higher interest rates that would stifle growth. Besides, the Federal Reserve, with its legions of smart economists and ability to make quick changes in monetary policy, was in a far better position to battle downturns than Congress...
Such a rebound will be welcomed by the Irish government. Thanks to the fall in tax receipts caused by the housing-market collapse, Ireland's budget deficit is forecast to hit 5.5% of GDP this year - well beyond the 3% limit imposed by Brussels. That has left Dublin little room to spend its way out of trouble, a fact made clear when Finance Minister Lenihan announced a slew of tax hikes and spending cuts...
...That goal was a lot of fun,” Connolly remarked. “It was a great way to cap off my career here at Harvard.”Junior Nikhil Balaraman made 10 saves in goal.MIT 9, HARVARD 7The Crimson battled back from a halftime deficit Saturday morning against MIT and was able to force overtime in its first game of the tournament. But the Engineers pulled ahead and won the contest in extra time, 9-7.Thompson led the Harvard effort with three goals, while Voith added two goals to go along with his four steals and three...
...weekends.” A day later, he ended up facing the No. 2 seed of the consolation bracket, John Patrick Smith of Tennessee, and managed to put up quite a fight, eventually succumbing to the 7-6 (6), 7-5 defeat. Clayton came back from a 5-2 deficit in the first set to obtain a few set points in the tiebreak, but he couldn’t close it out. He had more opportunities in the second set, breaking Smith at 3-3 and serving for the set, but it never materialized, as he lost his serve...
...first five shots in the third period, it was the Dutchmen who doubled their lead, as Luke Cain went one-on-one with Hoyle and slid the backhand past him. The goal was the first allowed at even strength by Harvard this season. The Crimson seemed to trim the deficit to one with 40 seconds left, when Alex Biega’s wrist shot found the top right corner of the net, but the goal was disallowed upon video review.RENSSELAER 3, HARVARD 2In a rematch of last Tuesday’s game, Rensselaer (2-5-1, 1-1-0) gave...