Word: deficits
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...coordinated. One of the risks is that inflation could soar due to the explosion of national debt in many countries during the crisis. And early signs suggest governments have wildly different strategies. In Germany, for example, Chancellor Angela Merkel promised tough action to bring down the budget deficit, while in France, President Nicolas Sarkozy is looking to add to the country's debt though a huge government-bond issue next year. Such divergences are already causing alarm. Unless exit strategies also address the long-term sustainability of public finance and other challenges, Stark says, "the current crisis is bound...
...does objecting to all legislation serve your constituents? -Richard English, Mission Viejo, Calif. I vote against all spending - even spending that I might justify - unless it doesn't add to the deficit, because debt is a monster and it has driven us to the point of bankruptcy. I think my constituents' best interests are served by voting against all excessive spending. Evidently, they must understand it to some degree, because up until now I've been re-elected...
Also making his second career start at quarterback was junior Collier Winters (two touchdowns, 223 yards), whose second-half heroics helped Harvard overcome a 14-10 halftime deficit...
...appeared somewhat closed to outside influence. Thankfully, there may be a remedy to this glaring problem. FAS has now launched an online Idea Bank inviting students, faculty members, and the community to submit their budget cut ideas and rate those of others. Administrators have already successfully halved the FAS deficit, bringing it down to a more manageable $110 million from the original figure of $220 million. Now they are asking the broader Harvard community to have a role in coming up with possible additional cuts...
...matters of business and finance, Westerwelle is far from sharing France's passion for government meddling. Indeed, his calls for German tax cuts and fiscal restraint to bring down the budget deficit is diametrically opposed to Sarkozy's plans to spend his way out of the crisis with a new gigantic government-bond issue. Still, when it comes to Germany's relationship with France, Joannin of the Robert Schumann Foundation points out that the Chancellery rather than the Foreign Ministry usually calls the shots. (Read: "Guido Westerwelle: Angela Merkel's Unlikely Partner...