Word: surplus
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Dates: during 2000-2009
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Hardest hit around the globe are the Europeans, whose exports are being squeezed by the cheap dollar and equally cheap Chinese yuan, which, to the dismay of global leaders, remains pegged at 8.3 yuan to the dollar. China has a large and growing trade surplus with the U.S., and American and European officials argue that the cheap currency gives the Chinese an unfair advantage. Some Europeans are taking advantage of the robust euro to come to the U.S., where everything from iPods to Gap jeans to four-star-hotel stays are suddenly a bargain. (Bookings are up 30% at Germany...
...stop whining and stimulate its economy, which would generate domestic demand and offset business lost to the U.S. and China because the weak dollar has made European goods so much more expensive. Both European and U.S. officials want China to revalue its yuan. With a hot economy and trade surplus, the Chinese, many Westerners believe, can handle a stronger currency, and there are signs that they will go along. The cheap yuan has begun to translate into higher inflation in China. A stronger currency would relieve some of that pressure. And two weeks ago, officials from the Chinese central bank...
...mass incarceration society, then, relies on these racial fears to justify its staggering size. It is presented as a necessity that keeps safety and order, but it is in reality intended to “disappear” and control a surplus population of laborers and turn them into someone’s economic gain. Thus, the black middle class operates as administrators in the social control regime—educators in poor schools, parole officers and social workers—while whites serve as correctional officers and management. At a time when rural areas should be suffering from globalization...
...University’s revenues and expenses both rose about 5 percent to $2.6 billion, yielding an operating surplus of $37 million. The previous year’s expenses increased 8 percent over fiscal year...
Pork-barrel politics is one thing when the federal government is running surplus a la Bill Clinton. But now that the country is facing a huge and dangerous budget deficit, Congress still passed an omnibus spending bill filled to the brim with gratuitous appropriations. In the wake of another bumper crop of cash for the unnecessary to the absurd in pet Congressional districts, some belt-tightening has to happen somewhere. Congress’ latest bright idea? Cut Pell Grants to poor college kids to make up some of the difference...