Word: levelness
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Also weighing on the dollar: investor concerns that to balance a budget deficit expected to swell this fiscal year to $1.85 trillion - equal to 13% of the country's GDP, a level not seen since World War II - the Federal Reserve could simply resort to printing more money, further flooding the markets with dollars. While the central bank said on June 24 that it had no plans to expand its purchase of government or mortgage bonds beyond the $1.2 trillion earmarked for the purpose in March, not everyone is convinced. "There is always the nagging concern that if this...
...according to the flier, would be "Obama administration officials, Congress members, business leaders, advocacy leaders and other select minds," plus "health-care reporting and editorial staff members of The Washington Post." In other words, for a fee, businesses and lobbyists could have access to the sort of high-level opinion makers that the Post has access to as well as the journalists, all in a cozy, off-the-record gathering, where they could "build crucial relationships with Washington Post news executives in a neutral and informal setting." The flier referred to the event as a "salon" and called...
...July 1 with the start of an income-based repayment (IBR) plan. The goal of the government initiative, which has been championed by Massachusetts Senator Ted Kennedy, is to prevent payments on federal student loans from exceeding 15% of a borrower's disposable income above 150% of the poverty level. Borrowers who earn below that threshold (which in most states is about $16,000 for a single person with no dependents) wouldn't have to make any monthly payments at all. (See how Americans are spending...
Conservatives view the budget crisis as an opportunity to slash California's spending back to the level it had reached 10 years ago. "Gross overspending and fiscal irresponsibility will not be tolerated by the people of California," says Senate Republican Leader Dennis Hollingsworth. Liberals, however, see this as an attack by the right on the public infrastructure that helped make California an economic giant, and an act of war against the poor and minority populations in particular...
...crippling effect it will have on the industry. "Gambling has become an epidemic that can be compared with AIDS and tuberculosis," says the law's author, Valeriy Pysarenko, a parliamentary deputy from Ukrainian Prime Minister Yulia Tymoshenko's party. "It is destroying the Ukrainian nation on a moral level." Gambling has boomed across Russia and Ukraine since the collapse of the Soviet Union in 1991; before the ban, Ukraine boasted more than 100,000 legal gambling establishments, ranging from flashy casinos to dingy slot-machine halls. (See a video on the casino bet made by Bethlehem...