Word: surplus
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Dates: during 2000-2009
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...economies would be imperiled by a drawn-out recession. Oil demand in rich countries has crashed since the onset of the economic crisis last year, and is now at its lowest level since about 1981, according to the Paris-based International Energy Agency. U.S. oil inventories - the stored surplus - this month reached their highest level since the 1980s. And about 2.6 billion barrels are currently stored in commercial tankers around the world. "There is some risk we will run out of storage space in the next four to six weeks," says Simon Wardell, director of global oil at IHS Global...
...which accounts for 90% of the country's revenues. Last summer the price of oil soared to nearly $150 a barrel. Now the price is roughly a third of that, leaving Iraq struggling to fend off a financial collapse within its government. Iraq has an estimated $30 billion in surplus funds generated from oil sales in years past, but that money is dwindling. Iraq expects to run a deficit this year of roughly $20 billion, which could be covered by the surplus funds. How the Iraqi government can continue to generate enough cash to fund itself going into...
This recalls for me the chocolate-and-bread sandwiches that sometimes were my lunch, and always a special treat. And it is another inventive way surplus is used in Umbrian cuisine, with leftover country bread serving as the foundation of an elegant layered dessert. Though it is soaked with chocolate and espresso sauce and buried in whipped cream, the bread doesn't disintegrate, and provides a pleasing textural contrast in every heavenly spoonful...
...endowment from President Drew G. Faust, who was unable to attend last week’s town hall with Dean of the Faculty Michael D. Smith and Dean of the College Evelynn M. Hammonds. Later in the meeting, the Council voted to allocate $3,000 of the surplus money in its Operations Fund to house student staffers for the UC’s recently-announced capital campaign, which aims to raise funds to purchase a student community center. At present, talks on this front have focused on the multimillion dollar 45 Mt. Auburn St. property that currently houses the Democracy...
...first thing Republicans must do is move past the current definition of conservative. Let's face it. American conservatism is now associated with wasteful spending, military adventurism and ideological conformity. The GOP took a $155 billion surplus and turned it into a $1.5 trillion debt. George W. Bush and the Republican Congress also allowed federal spending to grow at its fastest clip since the Great Society, while adding a $7 trillion burden to a Medicare program already headed toward bankruptcy...