Word: spent
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...trouble is that since the pump-priming EFF was launched with an initial purchase of C$25 billion in government-backed mortgages in October 2008, there is nothing to suggest it has made any progress toward achieving its stated objectives. To be fair, about C$40 billion has been spent to date, but Canadian banks are just sitting on the new cash like the proverbial goose. "There is no evidence of more credit becoming available," says analyst Michael Goldberg with Toronto-based Desjardins Securities Inc. "In fact loan growth in the economy is slowing...
...very modest. Maybe the new technology seems too expensive to consumers. Maybe most people think video looks fine in standard definition. As CNET recently wrote, movies on Blu-ray disks can cost about twice what a regular resolution DVD does. The backers of Blu-ray and HD DVD each spent billions of dollars to win a market which may not even exist, at least not at the size they thought it would...
...British lost the battle to stabilize Basra and spent four years dealing with an increasingly chaotic province. Things changed for the better only after March 2008, when local units of the Iraqi army - trained by the Brits and in control of the region from September 2007 - launched an operation to disperse the militias. Now violence has been replaced by an uneasy calm, and with Britain preparing to withdraw all but a small rump of its 4,100 troops by May 31, Basra is daring to dream of peace. (See pictures of Basra back in business...
Percy Harrison Fawcett was the quintessential dashing late-Victorian explorer. Almost too late--he was born in 1867, when the world was starting to run low on terra incognita. Tall, steely and virtually indestructible, he spent much of his life mapping the Amazon basin. In 1925 he set out to find a legendary city he called Z, a glittering oasis of civilization supposedly sequestered deep in the jungle. Whereupon the jungle, having nibbled at him for decades, ate him alive...
...Characteristically, the Propeller-Heads think they can tackle this problem in part through better data processing. First, a massive investment in health-information technology will track how America's health-care dollars are being spent. Next, a $1.1 billion government study, funded as part of the stimulus package, will take that information and figure out which treatments get the best outcomes for the least money. Which makes more sense for a clavicle fracture: a simple sling and waiting six weeks or surgical repair with a stainless-steel plate? The final step could be to create a federal health-care board...