Word: inked
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...runs out of letters? "I've been practicing signing my name slowly," President Obama joked in January 2009 when he signed the Lilly Ledbetter Fair Pay Act - for which he used seven pens. President Kennedy had the process figured out: when he needed more letters, he wasted ink by spelling out his middle name and adding a flourish under his signature. (See Joe Biden's top 10 gaffes...
...critics and a B-minus CinemaScore rating, the film can't expect much repeat business. At least it did better than Repo Men, whose re-poor $6.2 million made it suitable for foreclosure. Shelved for more than two years after its late-2007 shoot, the picture deepened the red-ink bloodbath at Universal, which has suffered from a year of flops, including Green Zone, down a crushing 58% from its dismal opening last week. If Universal were a financial institution, it'd be begging for federal protection. Except that it's less like AIG, more like Lehman Brothers...
...After intense high-level negotiations the two governments agreed that UBS would provide the names of 4,450 Americans with the largest undisclosed Swiss bank accounts. But no sooner was the ink dry on that deal than the Swiss courts ruled that no such disclosures could be made under Swiss...
...latest dose of reality from Elmendorf's CBO: a forecast that the federal deficit will reach $1.35 trillion this year - $4,400 for every American. All that red ink means the overall debt will rise to $8.8 trillion by the end of 2010, or about 60% of gross domestic product - the highest level of public debt since 1952. "There's a fundamental disconnect between the level of benefits that people want the government to provide, particularly for older Americans, and the amount of resources that people want to send to Washington to pay for those benefits," Elmendorf says. "To make...
...shortfall from its current level to a still hefty annual average of 3.6% if everything goes well. The deficit amounts may be less dizzying in Europe, but they're still a major cause of concern for fiscal purists who fear that some governments may end up drowning in red ink. Twenty of the European Union's 27 members are running deficits to ease their way through the global recession, with the average pegged at 7.5% this year. Three years ago, the E.U.'s deficit average was just 0.8% of the bloc's total GDP. That figure increased...