Word: local
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Dates: during 2000-2009
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...emergency “climate congress” charged with finding solutions to local environmental problems and recommending new government programs will convene in Cambridge...
...only question about BABs is the cost. So far local governments have issued just over $50 billion in BABs with an average yield of just under 6%. That means the federal government is paying just over 2% interest on that debt a year, or about $1 billion. Many estimate that the volume of BABs could triple over the next year. What's more, most of these bonds are issued with a term of 15 or 30 years. That means by the end of 2010 the federal government could end up being on the hook for as much as $90 billion...
...First of all, some of the people buying BABs are individuals, who will owe taxes, though not all of them are in the highest tax bracket. What's more, BABs are bringing down the yields of all muni bonds, not just BABs. That is lowering the borrowing costs of local governments in general. That lower expense should save taxpayers money when it comes to paying their state and local taxes, even if it increases the money being shelled out by the federal government...
These people, Osler argued, are “white-collar” businessmen, whose imports of powdered cocaine local drug dealers convert into crack...
After Xie reminds the group to apply for shifts at a local cat shelter, discussion turns to a wildlife internship in Africa available for next summer...