Word: storms
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...billion budget gap, leaving North Carolina, Connecticut and Pennsylvania as the only states that have not yet reached an agreement. But before lawmakers start slapping backs, they should know that next year's budget crunch could be even tighter. Thanks to dwindling revenues, paltry collection rates and the economic storm soaking taxpayers, the $142.6 billion budget shortfall that states faced during the 2009 fiscal year is but one hurdle in a longer financial gauntlet, according to this bleak assessment from the National Conference of State Legislatures (NCSL). Corina Eckl, the NCSL's fiscal program director, recently compared the endless waves...
While much of Wall Street and the rest of the financial sector are finally seeing some sun, the storm clouds around Citigroup just don't seem to be breaking. The company said on July 17 that it earned $3.4 billion in its second quarter. It was the second quarter in a row that Citi had announced a profit, after many critics said the company was done for. In a press release, Citigroup CEO Vikram Pandit triumphantly said, "Our financial results today reflect the incredibly dedicated efforts of all of our people around the world and their success in implementing...
...caught in the shit-storm?” asked Janice...
...news when it happened. The media depictions of Katrina were so skewed, and they were aided and abetted by a lot of people on the ground. Everyone painted this picture of a city divulging into utter chaos. Most of these rumors proved unfounded. Neighborhoods experienced the storm differently. The Zeitouns live in Uptown, where for most of the time it was quite peaceful; Zeitoun talks about this incredible quiet, with the only noise coming from helicopters above. I was fascinated to know just how many people remained, even in a neighborhood like Uptown where most of the people have cars...
What's a swinging Prime Minister to do? Two weeks after Italy's Silvio Berlusconi silenced a storm of accusations about his private life with his statesman-like hosting of the G-8 summit in earthquake-stricken L'Aquila, doubts about his suitability for office refuse to die. On Monday, audiotapes surfaced of a high-priced call girl's alleged conservations with Berlusconi and a Bari businessman accused by Italian prosecutors of pimping for the Prime Minister...