Word: gap
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...could be plenty more pain ahead. Revenues - from income, sales and property taxes - continue to fall. True, states have already plowed through a lot of tough decisions to close the $102 billion shortfall they collectively faced during the last budget cycle. But already it looks like this year's gap will be $121 billion, according to a report from the National Conference of State Legislatures...
...Marriage Gap The poor and the middle class are very different in the ways they have forsaken marriage. The poor are doing it by uncoupling parenthood from marriage, and the financially secure are doing it by blasting apart their unions if the principals aren't having fun anymore...
...accepted buyouts from the University. Administrators further reduced the personnel budget by eliminating some vacant positions and visiting faculty appointments, freezing faculty and non-union staff salaries, and slashing faculty allowances. Professors and senior administrators have also pledged several hundred thousand dollars in donations to help offset the budget gap...
...while it may be true that Japan has seen the depths of its worst postwar recession, economists say things are still far from good - and a "double-dip" recession is an increasingly likely outcome. "It will take several years, not one or two years, before Japan's output gap, or economic slack, disappears," says JPMorgan chief economist Masaaki Kanno. "Deflation and high unemployment will last for a long time. The question is whether the economy will continue to grow for several years without having the double dip." (See pictures of Japan in the 1980s and today...
...took office in 2008, linking economic cooperation with Pyongyang's dismantlement of its nuclear-weapons program. The result is that North Korea is now more dependent than ever on its main patron, China. Nicholas Eberstadt, a North Korea expert at the American Enterprise Institute in Washington, figures that the gap between the amount of goods China ships into North Korea and what it receives in return has quadrupled in four years to more than $1.5 billion in 2008. Eberstadt considers this "de facto aid" since it is unclear what North Korea may be providing China for all of its imports...