Word: deficits
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Anyone believing the global economic crisis to be over should have taken a look around Europe this week. Desperate to revive his country's feeble economy, Irish Finance Minister Brian Lenihan promised $6 billion worth of savings in a budget aimed at taming the country's stubborn deficit. The plan is his second budget this year, and Ireland's harshest in decades. In a mini-budget announced a couple of hours earlier, Britain's Alistair Darling unveiled his government's latest plan to fix the U.K.'s broken economy, including a punitive tax on bankers' bonuses, a rise in social...
...take "courageous" steps to tackle the crisis. Greek Finance Minister George Papaconstantinou, part of the socialist government that won power in the country last October, duly pledged to do "whatever is required" to shore up the country's finances. Key to the recovery plan: slashing Greece's budget deficit next year from 12.7% - more than four times the level allowed under E.U. rules...
...opponents are just as guilty of fiscal shenanigans. It's true, as Thune pointed out, that the CBO says the CLASS Act will increase budget deficits in the long term, but that's only because of the peculiar way the deficit is calculated. Premiums collected would be invested in federal securities, and when the interest earned is transferred back to the CLASS Act trust fund, the transaction would be recorded as an increase in the deficit. The Senate bill also requires that the CLASS Act trust fund be solvent over a 75-year period, and the bill would give...
Less than two minutes into the second half of the Harvard women’s basketball team’s 85-68 win against Boston University (3-4) at Lavieties Pavilion yesterday, the Crimson (5-3) found itself staring down a 41-30 deficit and a hot Terriers squad that was riding a 7-2 run to open the frame. With her team on the verge of completely losing control of the contest, Harvard coach Kathy Delaney-Smith decided that it was time to make a statement...
...lawsuit, filed by his father, John B. Edwards II, alleges that his son sought care at UHS in June 2007, “frustrated because he could not study for as long a period as his friends.” A nurse practitioner at UHS diagnosed Edwards with attention deficit hyperactivity disorder and prescribed Adderall, according to the lawsuit...