Word: propped
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Dates: during 2000-2009
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...this decision has built quickly, however, culminating in Proposition 8, a ballot initiative that would amend the state Constitution to prevent people of the same sex from marrying. To give gay couples the legal protections and respect they deserve, Californians should vote “No” on Prop 8. As the Court announced in its decision, the right to marry is the “right of an individual to establish a legally recognized family with the person of one’s choice.” Though California law establishes little legal difference between domestic partnerships...
...past, the IBMs and GEs of the world have not had to worry about underfunded pensions," says Williams. Now, though, successful firms with undervalued obligations may have to accumulate additional cash, amid the credit crunch, just to prop up their pension accounts. That's in part because evolving accounting standards - including those established in the Pension Protection Act of 2006 - prevent companies from getting too far underwater on their obligations to retirees. Public pensions have also been hit hard. State and local governments' pension funds support some 27 million Americans, and many have lost a fifth of their value this...
...name on Wall Street - Sugar Daddy. Bonuses for investment bankers and traders are projected to fall 40% this year. But analysts, compensation consultants and recruiters say the drop would be much more severe, perhaps as much as 70%, were it not for the government's efforts to prop up financial firms. "Year-end pay on Wall Street will be higher than it would have been had it not been for the government and mergers," says Alan Johnson, a leading compensation consultant. "You would expect it to be down much more...
Locals already know the devastating effects of spending cuts. For years, towns have had to contend with Proposition 2½, which caps property tax hikes at 2.5 percent. Unfortunately, costs rise at a much higher rate, so town electorates must pass Prop 2½ “overrides” to avoid deep cuts. When an override fails, nurses are laid off; schools close; 911 response times get longer. Question 1 would have the effect of several failed overrides per community—in all 351 communities in the commonwealth...
...global slump. Indeed, economists currently say China ought to remain a relatively bright spot amid the economic gloom. Merrill Lynch estimates that China will account for 40% of world GDP growth in 2009. Continued strong Chinese demand for raw materials, machinery and consumer goods is expected to prop up other Asian economies - the region as a whole is projected to dodge a recession next year...