Word: spent
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...Gaming at the University of Alberta, keeps count on Olympic budgets. His tally is a tale of excess: Athens budgeted $1.6 billion for the 2004 Games but wound up spending $16 billion. Four years later, Beijing budgeted the same amount, $1.6 billion, for the 2008 Summer Games yet spent an enormous $40 billion. London originally planned to spend $8 billion for the 2012 Games; the current estimate is $19 billion and rising. "Once the Games leave town, there often isn't much to celebrate," says Humphreys, noting that host countries nearly always experience a drop in GDP growth...
...that the FDIC, which maintains a fund to protect deposits when banks fail, would soon run out of money. By the FDIC's own revised estimate, the credit crisis, which has already claimed 95 banks this year, will cost the agency $100 billion. Half of that has already been spent. It's the other half the FDIC is having problems coming up with. As of the end of June, the FDIC had about $10 billion left in its insurance fund. That has put the FDIC in a tough spot. When a bank fails, it is up to the FDIC...
Much of that transactional work had been the responsibility of summer associates and entry level associates. But now firms are reducing the overall number of summer associates and are placing greater demands on the few that they do hire, said Brian T. Aune, a third year student who has spent the last two summers working at Sheppard Mullin Richter & Hampton...
Fryhofer is also interested in health policy in Latin America, and spent this past summer working for a healthy policy think tank at the Center for Disease Control...
...small and medium-sized firms - the famed "Mittelstand" which make up the backbone of the German economy. Westerwelle also called for controversial reforms to make it easier for firms to hire and fire workers and he proposed 400 spending cuts. That could lead to clashes with Merkel, who's spent the past few years defending Germany's social and labor protections. "I think Chancellor Merkel will continue to be middle of the road to appease the Social Democrats," Gustav Horn, the director of the Macroeconomic Policy Institute in Düsseldorf told TIME. "Labor market reforms are still very unpopular...