Word: linings
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...David Gross of the consultancy Compass Lexecon calculated that the typical consumer unnecessarily spends $200 a year in interest payments by keeping a sizable stash of cash in savings or checking while at the same time carrying a credit-card balance. In our heads, the two don't line...
...tongue about the rate at which the deficit is growing. It is still forecasting that GDP will only drop 1.2% in 2009. That number is clearly improbable which should shake whatever confidence the taxpayers have in the forecast. Anyone watching the process of budget revision as the bottom line gets progressively worse understands that a $2 trillion deficit for the year is possible, and perhaps likely...
...rise in the rate of unemployment would have to be reversed almost immediately, and the sales in the private sector would have to make an unprecedented rebound if the Administration is to have any chance of holding the line at a $1.8 trillion. Neither of those things is going to happen. (See pictures of the global financial crisis...
...meet falling revenue is a normal and prudent business practice, but it is not one that will be adopted in this case. The simple calculus behind the budget assumes that if the appropriate amount of money is not spent, the chances of an economic recovery will be undermined. The line items in the plan are meant not only to keep the government running but also to allow the proper amount of capital to be invested troubled areas like the banking industry...
...worried about it," said champion carver José Angel Muãoz, as he served up one plate after another of paper-thin slices to a never-ending line of guests. "These people know ham better than anyone in the world. And you don't see them holding back." (See pictures of Spain's tomato festival...