Word: highests
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...about the California jobless rate is how quickly it might be reversed by the capital, which will be injected into the economy by the new federal stimulus package. This state may end up being a sign of things to come. The foreclosure rate in California is one of the highest in the nation. More than 236,000 homes or 2.8% of California's housing stock foreclosed in 2008, helping to drive down home prices by 42% from December 2007 to last month, according to Bloomberg. In addition, the state government is projected to run a deficit of $40 billion over...
...California may be the best example to illustrate why the stimulus package will be "slow acting". It has among the highest unemployment rates. The infrastructure programs available for California would include broadband expansion, IT enhancement, and energy grid enlargement. The regulatory environment in California has always been strict. Almost all the federal government stimulus packages will require approval, likely from multiple bureaucracies in this state. This alone means that the economic crisis in the Golden State cannot be mitigated in any serious way until well into...
...strength of the pound has long been a source of British pride - the word "sterling" has come to describe something of the highest standard. When the pound plunges, as it did in 1976 and in 1992, the damage to the British psyche is almost as far-reaching as the impact on the economy. And right now sterling's losing its shine. In the past year, the U.K. currency has lost about a fifth of its value against the euro, the currency used in much of the rest of Europe, and 30% against the dollar. Causes aren't hard to come...
...uniquely qualified," says Danielle Brian, head of the nonprofit Project on Government Oversight, a watchdog group in Washington. "There are plenty of people with far greater business-management experience than that of a lobbyist." Nonetheless, Lynn, who during his confirmation hearing on Jan. 15 pledged to "maintain the highest ethical standards," appears headed for Senate confirmation. To ease some Senators' concerns, he has promised to sell all his Raytheon stock and have his dealings at the Pentagon for the first year subject to an ethics review...
...interrogated more than 100 of the document's original signatories; Liu Xiaobo, a dissident scholar who was one of the drafters, was arrested by Beijing police on Dec. 8 and remains in custody. In an article published in an official journal on Jan. 18, Jia Qinglin, China's fourth-highest official, warned that the country should avoid multiparty systems, separation of political powers and other "erroneous ideological interferences." And in December President Hu Jintao warned the country to "not waver" in implementing economic reform, a remark that was interpreted as meaning "avoid political debate...