Word: lessing
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...tamper with this profitable business line. The state's division of corporate services recently boasted it spent just $12 million to earn $700 million - a quarter of the state's annual revenue. That enviable cost-revenue ratio has triggered copycat competitors. It couldn't be easier. Apply online - providing less ID than it would take to get a library card - and have it all processed within 24 hours, for little more than $100; Nevada and Delaware will do it all in an hour for $1,000. Then, for modest fees, enjoy the illusion of legitimacy, complete with a telephone listing...
...look for big gains for Ford, much less General Motors or Chrysler, despite their attempts to woo buyers with special incentive programs. This has all the makings of an Asian-only battle, and Toyota can only stand by and watch as its buyers defect to its Japanese and Korean rivals, with Honda at the head of the pack...
...deficit - but he's hardly the only member of the "spend now, pay later" club. Across Europe, governments have gotten so used to embracing debt during economically tight times such as these that some experts are starting to wonder if they will get back to viable deficit levels - much less balanced budgets - anytime soon...
...Obama's proposed deficit, representing about 11% of gross domestic product, is part of a 10-year plan aimed at reducing the U.S. budget 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...
...protesters may be, it's not clear that the Green Movement can continue indefinitely in the face of the state's overwhelmingly superior force - nor is there any visible prospect of the regime's losing control of the streets. Iconic leaders such as Karroubi, Khatami and Mousavi are perhaps less dangerous to the government free than they would be if imprisoned, because their movement's activities are so curtailed and many of their aides and allies are in jail. Moreover, the longer the protests have continued in the face of harsh repression, the more demonstrations have turned violent and seen...