Word: excessives
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...some measures, such unlikely spots are in even more danger than California, which is suffering a brutal real estate slump after years of speculative excess. That's because Midwesterners owe more on their properties than left coasters. The average loan-to-value ratio in California is 70%, while Nebraska and Iowa clock in at 75% and 76%, respectively. As the recession deepens and home prices continue to slide, there are fewer and fewer places to hide...
After a decade of excess, the bubble burst. Stocks tumbled in a flurry of panic, as financial institutions collapsed. Amid the turmoil, as the endowment’s prospects worsened, Harvard’s plans for expansion fell into doubt...
...Another pillar of the budget’s fiscal reforms proposes to eliminate federal subsidies to farmers with sales revenues in excess of $500,000 per year and cap total individual subsidies for farmers at $250,000. Combined with other agricultural subsidy cuts, this would reduce farm subsidy expenditures by about $2 billion annually. This potential savings would be a boon for taxpayers. Furthermore, the inefficient subsidies currently create a price floor—a minimum price above market equilibrium—which artificially inflates prices, hurting American consumers...
...looks to the long term. In the 1990s, the government inaugurated tariffs that required utilities to offer 10-year fixed-rate contracts for wind power. That sort of security led to a rapid expansion of wind power at home - the country has more than 5,200 turbines producing in excess of 3,100 MW of electricity - and helped firms like Vestas scale up and perfect their technology so they could dominate abroad...
...Sarkozy went even further, demanding new regulations that would impose responsibility and moderation where excess once reigned. After the meeting, Sarkozy said that "the violence of the [economic] crisis, its depth, call for really profound changes." He also claimed the European objective going into the G20 meeting is to " to start capitalism again from scratch, [and] make it more moral...