Word: relief
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...federal deficit is the result of declining revenue - people are making less money so they're paying less in taxes - and increased spending. So far, the government has spent $530 billion more this year than it did last year, a number that includes $169 billion for the Troubled Asset Relief Program (TARP), $125 billion for the American Recovery and Reinvestment Act and $83 billion to bail out Fannie Mae and Freddie Mac. And that doesn't even account for the spending scheduled for next year. Add to this the projected $1 trillion price tag of Obama's proposed health-care...
Undergraduate Council (UC): 1. Self-important but incompetent band of campus politicos whose Sunday-night meetings provide comic relief in the pages of the Monday-morning Crimson. 2. The only readers of The Crimson’s UC coverage...
...optimistic signs of recovery, the outlook for employment is bleak "as business sentiments remain cautious and employers are generally conservative in hiring new hands," said Hong Kong's Secretary for Labor and Welfare, Matthew Cheung, in a statement in mid-August. To stem the shock, the government has instituted relief measures including rental waivers for its lower-income public-housing tenants...
...Switzerland, news of the settlement was greeted with relief. "The out-of-court agreement avoids a prolonged legal battle that would have had an uncertain outcome, and the solution found conforms entirely with prevailing Swiss law," the Swiss Banking Association (SBA), a trade organization for Switzerland's financial institutions, said in a statement. "This is of crucial importance because international clients rely very much on the predictability and stability of the Swiss legal system." (See the top 10 scared traders...
...Spring break will be a welcome relief. Go somewhere warm...