Word: fiscal
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What may seem like a rather isolated problem is really much more. Ever since the EU, with Germany at the helm, ushered in the Euro in 1999 (some say hastily), the fiscal collapse of any one eurozone country has had the potential to erase confidence in the common currency that underpins the economic structure of them all. A catastrophic loss of faith in the Euro, a currency second only to the United States Dollar in importance, would have grievous ramifications worldwide...
...Asian operations of AIG for an eye-popping $35 billion. Much of that would be paid in cash, Prudential said, which would mean swapping huge piles of sterling for dollars. Toss in the relentless pressure from speculators betting on a falling pound, as well as Britain's generally horrible fiscal position, and "sterling has sailed into a perfect storm of negativity," Nick Beecroft, a senior foreign exchange consultant at Saxo Bank, wrote in a research note earlier this week...
...Faculty of Arts and Sciences prepares its budget for the upcoming fiscal year, the administration will turn its attention to area-study centers to streamline spending of FAS resources, sparking concern among some center leaders...
...Friday, directors of FAS centers—such as the Center for Middle Eastern Studies and the Weatherhead Center for International Affairs—met with FAS Dean Michael D. Smith to review FAS budgeting policy implemented last spring, at the height of the University’s fiscal woes...
...tried to play on the coincidence with a "declare your independence from Perry" tour.) It is no accident that his final week on the campaign was dotted with economic-development press conferences and talk of balanced budgets in contrast to Washington ways. That message of Texas resiliency and fiscal conservatism resonates with Texans of both parties. A recent poll by the Texas Politics Project found 88% of Texas Republicans believed that the Texas state government was a good model for the rest of the country - even 33% of Democrats agreed...