Word: loss
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...county and school district officials sat in stunned disbelief. There were predictions of drastic cuts to education and social services. But the ax did not fall as Sacramento, flush with a multibillion-dollar surplus, bailed out local governments and the schools. But the state rescue was accompanied by a loss of local control. As a result of Proposition 13, school districts, county governments and cities were forced to compete with state priorities for a slice of the state budget...
...patterns of dialogue and influence among the Justices evolve over years rather than weeks. Whereas outgoing Justice David Souter has an established relationship with Kennedy, Sotomayor is starting from scratch. So until Sotomayor settles in with her new colleagues, Souter's departure and her arrival may represent a net loss of liberal influence rather than a gain...
...lose," said Fernández after her Peronist party's congressional majority had vanished, leaving her to deal with a potentially hostile parliament over the last 2½ years of her term. Kirchner, who resigned as the Peronists' leader after suffering a close but stunning loss in a congressional race, conceded that "in the coming days, we'll all have to evaluate the mistakes that have been made...
After posting a record $611.9 million loss in May, British Airways is asking its 40,000 employees to volunteer for one to four weeks of unpaid work. Chief executive Willie Walsh--who has agreed to go without a salary in July--called the request part of a "fight for survival." It could be worse. At least BA's pilots aren't being asked to handle luggage, as those of Dutch airline KLM were in early June...
...Italy will suffer," says Matteo Marzotto, head of the National Tourism Board. "We're in the middle of a war." That may sound dramatic, but consider this: in 2008, Italy's tourism revenues fell 5%, the first drop in seven years. The slump has already translated into a loss of $5.2 billion and at least 150,000 jobs...