Word: surplus
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Dates: during 2000-2009
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...most of the other Presidents are less famous or notorious than Chávez, perhaps because the first half has conditioned us to a rigorously genial treatment of them. Lula da Silva brags that Brazil paid off the IMF debt and that the country now has a $260 billion surplus. (Irmao, can you spare us a dime?) Morales, the first indigenous President of Bolivia, says he considers himself "less a President than a union leader." The Illinois-educated Correa says smilingly that the U.S. can again have a military base in Ecuador "if Ecuador can have a military base...
...campaign narrowly covered expenses with the help of an initial sum of $3,000 from the UC surplus budget and $4,000 in miscellaneous donations solicited before the summer began, but failed to meet the ambitious goals laid...
...officials estimate about 10,000 tons of opium have been unaccounted for since 2006 (the figure was about 8,000 tons a year ago). Costa believes the Taliban and drug traffickers in the region have stockpiled the drugs, fearing a crash in world prices if they sold the opium surplus. But the stockpiles could hugely complicate NATO's efforts to eradicate opium in Afghanistan and persuade farmers to grow other crops. That's because while some farmers seem to have switched their production, plenty of opium lies stored, potentially giving the Taliban and drug traffickers the ability...
...supply side, gas output from drilling has been much greater than anticipated, leading to a surplus that has deflated prices. This in turn has made many drilling operations unprofitable. The number of natural gas rigs operating in the U.S. has fallen well over 50% in the past year, according to EIA data. Because a given well's output decreases over time, producers need to drill new wells continually to keep up production. Thus, the falling rig count raises concern about the longer-term-supply outlook...
...doesn't mean that deficits are good, either. The U.S. covers the shortfall by issuing more government bonds, which can drive up interest rates and lead to inflation. Deficits also make it harder for a financially strapped government to deal with unexpected disasters. In fact, the last U.S. budget surplus occurred in 2001, when Washington was able to use fiscal and monetary policies to cushion the fallout following 9/11 and keep the economy from tumbling into a recession...