Word: fiscal
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Though the numbers show relatively unchanged hiring patterns, Singer acknowledged that the data may not fully reflect the impact of the $11 billion drop in Harvard’s endowment for the fiscal year ending on June...
...political culture, though chaotic, allows for the vigorous debate that leads to self-correction, while Americans remain unparalleled in their ability to innovate. That's why the U.S. is still a beacon of hope and opportunity. The number of professionals with advanced degrees who became permanent U.S. residents in fiscal 2008 was eight times greater than...
...backed mortgages substantially lower than on mortgages that can be sold only on private markets, because taxpayers are on the hook for defaults on the former. That risk, long hypothetical, became reality as we got stuck with a $291 billion rescue bill for Fannie and Freddie in the fiscal year that ended in September. Meanwhile, the Federal Reserve is doing its part to artificially lower interest rates by buying $1.25 trillion of Fannie, Freddie and Ginnie mortgage securities this year and next. (See 25 people to blame for the financial crisis...
...Bank of India, the Reserve Bank of New Zealand, the Monetary Authority of Singapore - and perhaps several months down the road, the European Central Bank. As economies recover and jobless rates fall, most policymakers will raise interest rates to head off the inflation that could result from the massive fiscal stimulus spending launched by governments around the world to combat the global recession. (See pictures of the global financial crisis...
...first blow, issuing a release that suggested Obama was undeserving of the award. "The real question Americans are asking is, 'What has President Obama actually accomplished?'" Steele said in the statement. "One thing is certain - President Obama won't be receiving any awards from Americans for job creation, fiscal responsibility, or backing up rhetoric with concrete action." (Read "Obama's Nobel: The Last Thing He Needs...