Word: larger
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...Governments in Asia, the U.S., U.K., and E.U. face a larger challenge than the failure of financial institutions. The failure of consumer demand will trample the economy well into next year. The only solution to the problem is to given people extremely enticing reasons to spend money. Whether that is done though tax credits or access to inexpensive credit, governments have to move into the difficult role of building a system to create a series of incentives that make spending money more attractive than saving it. That is nearly impossible because it would certainly involve giving people a dollar...
...Wijesinha cites a government plan to make Jaffna a national center for information technology, as part of a larger development program for Tamil areas. "The city used to be known for its excellence in education," he says. But, to the tens of thousands who are fleeing their homes as artillery fire rains down across the northeast, this vision of prosperity and peace seems painfully far away...
...students say such incidents are evidence of a larger Chávez failing - the seemingly intractable violent crime plaguing Venezuela today. It's a large reason, they argue, that presidential term limits should remain in place. (Under the present constitution, Chávez's second and final term ends in 2013.) Chávez and his backers insist that he's the only one who can ultimately tackle such crises given how ineffective the opposition is and may yet be for a while...
...clear why the loan guarantees are doing so little to shore up confidence in the two banks. Some say it's because investors fear the problems at the banks are larger than the guarantees they received. What's more, both guarantees involve the two banks taking more losses before the government insurance kicks in. In Citigroup's case, the bank will have to swallow $29 billion more in bad loans before it is protected from further losses...
Brandeis's decision to sell its art collection in order to make ends meet is all too indicative of the larger problems facing universities as donations dry up and endowments plummet in this dismal economic climate. On average, university endowments have dropped 23 percent in only five months...