Word: serious
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...Schwarzenegger finally passed a budget - any budget - does come as a relief to politicians and economists who were gravely concerned about credit ratings and business reputation, a long haul is ahead for citizens and businesses already reeling from the foreclosure catastrophe and high unemployment rates. "This is the most serious budget crisis in my lifetime - and I have gray hair," says Jean Ross, executive director of the nonpartisan California Budget Project. "It will have a significant impact on Californians for the next 18 months and for years to come...
Despite the handshakes and smiles yesterday in Sacramento, the budget crisis is far from over - and the state could be in for a serious citizen backlash over the next few months. In California, tax revenue enhancements must be voted on in a special election. On May 19, voters will determine the fate of $5.8 billion in measures, which also include a permanent state spending cap (which would extend the tax hikes from two to four years) and whether or not to divert money from children's services, mental health programs and the lottery into state coffers...
...trio behind ThePirateBay.org could face prison if convicted on charges that amount to aiding and abetting copyright infringement on a massive scale. The most serious charge - complicity in the production of copyrighted material - was dropped earlier this week for lack of evidence, but the trio still could walk the plank, should prosecutors prevail. If they lose the criminal case, they could owe nearly $10 million sought in the civil action being heard simultaneously in the Stockholm courtroom...
...hurt. On the last possession, Lin traveled, and it looks like he is cramping, or an ankle injury. Does not look serious. Both teams cold on the offense end, as Housman barely misses tough layup...
...time when the United States is gripped by economic uncertainty and faces serious challenges in hot spots around the globe, some American Catholics are finding it both curious and troubling that their church has launched a major campaign against a piece of legislation that doesn't exist and wouldn't have much chance of becoming law even if it did. To many critics, it feels like the legislative equivalent of the dog that didn't bark. (See 25 people to blame for the financial crisis...