Word: levelism
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...problem is simple in that if you're an individual, a business owner or an entire state and you build your debt level to 70%, 80%, 90% of your revenues, you soon won't be able to pay the interest on your borrowing - much less the principle - and you'll default," says economist Marc Touati, deputy director of the Paris-based financial-services group Global Equities. "We're not there yet, especially for all the nations of Europe. But there are several, including France, that simply must cut spending, deficit and debt dramatically, and soon - or things will get very...
...especially in the wake of the worst recession to hit the continent in a lifetime? Because the habit isn't new, and it is clearly harder to kick than governments pretend. Observers note that the borrowing kick has already lifted French public debt to nearly 80% of GDP - a level that Germany is within shouting distance of, and which Italy, Belgium and Greece are well beyond. (See pictures of the global financial crisis...
...pretty much at the bone level,” said Catherine McKenna, chair of the Celtic languages and literatures department, which comprises two faculty members. “But I feel from my conversations with the Dean that it is pretty well understood that there is no fat in this very tiny department...
...level of play took a decidedly ugly turn midway through the third. Six penalties were dished out in a two-minute period as players from both teams were thrown into the box for hitting, slashing and hooking...
...administrative, faculty, and student groups that contributed to making the event a reality. “It’s a model of productive collaboration among three distinct constituencies,” he says. “That kind of collaboration is rewarding on a personal and a professional level...