Word: surplus
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Dates: during 2000-2009
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...Romney’s good heart and work ethic, gained national fame when he led the 2002 Salt Lake City Olympic Games. As expected, Romney transformed a $379 million deficit into a $56 million surplus. He also set an example. Foregoing a salary, Romney cut the fancy meals and expensive trips. He infamously served his executives pizza on paper plates—and charged them a dollar a slice. Pledging to strip government officials convicted of felonies of their pensions and to prohibit senior staff members’ relatives from lobbying the executive branch, a President Romney could polish...
...reason for that is clear enough. At a time of extreme stress in global equity and credit markets, many governments have surplus foreign exchange to play with - and because of the falling dollar, they are increasingly interested in investing their cash where it can earn greater returns than U.S. Treasury debt, the traditional safe haven. The largest SWFs - the so-called Super Seven, which includes China, Russia, Abu Dhabi, Kuwait, Norway and two Singapore funds - control up to $1.8 trillion. By 2011, assets under management at SWFs worldwide are projected to grow almost fourfold to nearly $8 trillion, according...
...With governments becoming more adventurous in the way they invest their surplus wealth, investors ought to "rejoice at the impetus the SWFs will provide to continued growth in global asset markets," says Alex Patelis, head of international economics at Merrill Lynch. But countries on the receiving end of such largesse remain wary. At a G-7 meeting of finance ministers held in Washington in October, SWFs were a major topic of discussion, partly due to concern about their potential impact on markets. SWF "investment policies, minor comments or rumors could spark volatility," said Clay Lowery, assistant secretary for international affairs...
...encourage farmers to spend time and money growing chilies, Osborn realized they had to see it as not just a defensive move, but as a business venture. "Then there's no question of sustainability," he says. So Osborn set up the Elephant Pepper Company, buying surplus chilies left over from what was needed for elephant deterrents and turning them into sauce. Initially he worked from his kitchen in Harare, Zimbabwe, making around 500 bottles of hot sauce a year, which he sold in local supermarkets. Today, with the help of new partner Michael Gravina, he has expanded, selling some chilies...
...Other proposals include scrapping the practice of "set-asides" - whereby farmers have to leave 10% of their land idle at any given time - and ending the practice of buying surplus production of key commodities like cereals at a guaranteed price...