Word: funded
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Dates: during 2000-2009
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...ability to make money. More than half of all banks saw their net interest margin - a measure of profit - fall in the third quarter compared with a year ago, according to the Federal Deposit Insurance Corporation. "After you pay your stockholders and employees, maintain your capital ratio and fund your growth, it gets pretty tight," says Mike Menzies, president and CEO of Easton Bank & Trust in Easton, Md. (See pictures of the recession...
Additionally, the Medical School will not be able to slow spending on its fixed, non-discretionary expenditures, such as repayments on debt that was floated to fund the school’s capital projects for new construction and renovation...
Beltway News. Over six years and $621 million in tax dollars in the making, the Capitol Visitor Center opened on Dec. 2, featuring exhibits on how Congress works (or doesn't), plus artifacts like Thomas Jefferson's confidential letter to Congress asking it to fund Lewis and Clark's expedition. All tours of the Capitol will now begin and end at the Visitor Center. Admission and tours are free; make reservations online in advance, as tours fill up quickly...
Perhaps most importantly, both candidates have put forward plans to safeguard the expected billions of dollars in oil revenues which should start to flow into the country's coffers after 2010. In October, Akufo-Addo said he planned to set up an "oil fund" to invest revenues in developing the country's education, health-care and basic infrastructure. Mills went further, calling for the formation of an "independent authority which will account for the oil resource." "We don't want it to be a curse," he said. That curse, or resource curse, as economists call it, describes a tendency...
...given that consumers have shut their wallets, the U.S. savings rate is almost certainly headed up as this recession deepens. The result, as former Treasury official Brad Sester points out, is that the overall U.S. demand for capital is diminishing - despite the government's appetite for more money to fund bailouts and a likely forthcoming stimulus package - while its own ability to fund its deficits is increasing via more domestic saving. The bottom line: the U.S. is becoming less dependent on Chinese investment...