Word: resorted
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Also weighing on the dollar: investor concerns that to balance a budget deficit expected to swell this fiscal year to $1.85 trillion - equal to 13% of the country's GDP, a level not seen since World War II - the Federal Reserve could simply resort to printing more money, further flooding the markets with dollars. While the central bank said on June 24 that it had no plans to expand its purchase of government or mortgage bonds beyond the $1.2 trillion earmarked for the purpose in March, not everyone is convinced. "There is always the nagging concern that if this...
...North Korea and what it receives in return has quadrupled in four years to more than $1.5 billion in 2008. Eberstadt considers this "de facto aid" since it is unclear what North Korea may be providing China for all of its imports. "China has become the donor of last resort," Eberstadt says...
...acting opposite Sasha and Malia in the Christmas pageant. But if the experience of past Camp David chaplains is any guide, Cash won't necessarily have the opportunity to form a pastoral relationship with Obama. "We used to tell people our job was to run like a five-star resort," said Patrick McLaughlin, who was chaplain at Camp David from 2002 to 2005, in an interview with Religion News Service. "One of the things you value when you go on vacation is peace and quiet." His contact with Bush outside worship services, McLaughlin said, was "very little...
Brown's victory against the rebels could leave Mehta hanging on until next year for a chance to kick - or kick out - his MP. But the Prime Minister faces further bruising tests even before September, when Labour arrives in Brighton, a raffish seaside resort, for its annual conference, the traditional moment for coup attempts. And that's presuming Brown weathers two by-elections sparked by the expenses scandal. Michael Martin, a Labour MP serving in the party-neutral role of Speaker, or chair, of the Commons, steps down later this month. He was forced out after MPs' protests that...
...morning of Feb. 19, 1979, a Cessna 172 took off from Santa Monica, Calif., bound for the ski resort Big Bear. On board were Norman Ollestad, his father, his father's girlfriend Sandra and the pilot. Crossing the San Gabriel Mountains in heavy gray snow clouds, the plane failed to clear Ontario Peak. It crashed into the mountain at 8,200 ft. (2,500 m), just short of the summit, in the middle of a blizzard. Norman and Sandra survived the initial impact, but only Norman made it down off the mountain...