Word: fiscal
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...Hidden Flaws and the "Reasonable Man" Medieval jurists like Maimonides identified a more specific kind of bad advice. They tackled the idea of the "hidden flaw," which, Levine points out, leads directly to a demand for fiscal disclosure. "If you sell an animal, you had to disclose to the buyer what the hidden flaw is," he explains. Not only that: "the disclosure has to be made so that a 'reasonable,' or average man can decide" whether to buy. Once again, almost the entire chain of transactors in the mortgage crisis is guilty: predatory brokers for not alerting working-class borrowers...
...individual said that the club still retains physical possession of the building, but that the document—signed by Louis A. Depasquale, the assistant city manager for fiscal affairs—constitutes a lien on the property, which will be seized if the club fails to pay the unpaid taxes and accrued interest...
...fear is a persistent emotion, one embedded by evolution in our lizard brains. That's why there's no precise economic definition of a market panic; it's more a psychological than a fiscal phenomenon, simultaneously anticipatory (you think something terrible will happen) and retrospective (you think you have waited too long to avert disaster). Swimmers being dragged to sea in a rip current often try to swim directly to shore--against the current--and end up exhausting themselves. Panic can kill...
...work, or do I pay the $50 co-pay to see a doctor?" He's limiting the growth of UPMC's salary-related expenses to 5% compared with last year. And yet despite the collar, the company will probably hire more than 3,000 people this fiscal year...
...long-simmering credit crunch kicked into high gear in mid-September, municipalities were already facing strong headwinds. In a survey of 319 city finance officers conducted from April to June, the National League of Cities found that 64% of respondents said their cities were less able to meet fiscal needs than in 2007. Cities get 28% of their funding from property taxes, which the finance officers surveyed expected to be down 3.6% this year, thanks to falling home values. Two other important sources of tax revenue for many municipalities - sales tax and income tax - were also expected to drop...