Word: fiscal
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...track to exceed $45,000 in 2008 dollars. They're already destroying businesses small and gigantic; unaffordable health-care liabilities are one of the main reasons GM and Chrysler went bust. And since half of all health care is paid for with tax dollars, these exploding costs are a fiscal, as well as an economic, nightmare. Medicare and Medicaid spending is on course to increase from about 5% of GDP today to about 20% in 2050 - the size of the entire federal government last year...
...strongly the U.S. - and the world for that matter - emerges from this thing over the next six to nine months. History says the steeper the decline, the steeper the recovery, and I think we'll see that play out. In addition, we've had unprecedented amounts of stimulus, both fiscal and monetary, as well as coordination by governments and central banks around the world. I think we are going to have a very steep recovery that is going to last for another two to three quarters...
...Southeast Asian stock markets? I think it's the smaller basket of Asian markets, and that includes Indonesia, which is lately the hottest of the Asian emerging markets because they've come through this [economic crisis] very well and they seem to have their act together in terms of fiscal and monetary policies. Indonesia's political process has improved tremendously; it also has a big population and a lot of natural resources. The stock market is already up quite...
...wanted to draw up a candidate for a party that needs to stop alienating young, Hispanic, Catholic and working-class voters and start inspiring its dispirited base of fiscal and social conservatives, Rubio would be it. He's the son of Cuban exiles, a bartender and a hotel maid who raised him to remember that faith matters, work pays and politics can stifle liberty in a big way. He's married to a former Miami Dolphins cheerleader, and he's got four young children. He's only 5 ft. 9 in. and 160 lb., with a sweet-faced earnestness that...
...Hardest hit by the economic downturn has been national carrier Air India: It reported annual losses of $1 billion in the fiscal year ending March 31, along with an accumulated debt of $3.5 billion; that debt load is expected to rise to $7 billion by 2012 if it takes delivery of 111 new aircraft already on order. Air India alone accounts for 10% of the total projected losses for the global airline industry this year - even though it carries just 0.35% of global traffic. Air India is suffering from an aging fleet and a bloated staff roster...