Word: shrink
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...themselves already knew. Yuriy "Yura" Shalak Reisterstown, Maryland, U.S. The Declining Dollar You reported that the falling value of the U.S. dollar hurts European manufacturers [Dec. 20]. It affects other Europeans as well - those, like me, who worked in the U.S. and receive a pension in dollars. My benefits shrink a bit more each month. The loss now is more than 30%. I wonder how many thousands of people find themselves in the same predicament. The U.S.'s reputation has become tarnished by huge deficits, a climate of suspicion for non-Americans, energy waste and pollution, not to mention...
...Blame Game Not for nothing do they call economics the dismal science. Consensus held that a plummeting dollar - making U.S. exports more affordable - and a drop-off in the price of oil would shrink the country's yawning trade deficit. Instead, it leapt to a record $60.3 billion in November, up from $56 billion a month earlier. How to explain the missed call? Moody's Investors Service labeled it "an atrocious month for U.S. exports," suggesting "ineffective business and government leadership may be to blame." But U.S. Treasury Secretary John Snow found a handier target: America 's major trading partners...
...Baby-Boom generation retires and life expectancy continues to increase, shifting demographics present clear challenges to the current Social Security regime. The number of workers paying into the Social Security system per retiree is in a constant decline; today’s 3.4 workers per retiree will shrink to as few as 2.1 workers per retiree by 2030. Even the most favorable outlook on the current system, in which the Treasury Department finds a way to pay back the $1.9 trillion it has milked from the Social Security “trust,” leaves Social Security insolvent...
...formula will prove extra painful for the many students who receive financial aid packages from their state or university that are based on the federal aid model. Thanks to a nasty “ripple effect,” the changes over at the Department of Education will shrink the size of these grants as well...
...usually don’t care that you heard of them first. Personally I like to see talent rewarded with radio play and airtime on music networks. I’d rather America’s youth grow up on organic stuff like the White Stripes than the next shrink-wrapped commodity the labels anoint for pop stardom. And it’s good to see bands make it on the quality of their songwriting, not the brand of cigarette they smoke. The Postal Service is doing something new and different to spread their music without losing one speck...