Word: surpluses
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...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...
...served at the dinner, and pita bread, a popular item in Israel, are both made of wheat, a crop that is abundant in the region. “You were told what to grow,” Ben-Yehoyada said, noting that during this period, any food produced in surplus was used in cooking, occasionally to extremes. “If during a season you made too much lettuce, everybody ate lettuce,” he said. Many of Israel’s unique fruit juices were originally created during an orange surplus. According to Ben-Yehoyada, the 1990s...
...feeling is that China can't help other countries in the region," says Michael Pettis, a finance professor at Peking University. He says that China's trade surplus rose 42% on an annualized basis to a record $19 billion last month, despite the fact that the country's exports are declining at double-digit rates. That's because its imports are dropping even faster, boding ill for China's neighbors like Japan and Korea who rely on the U.S. consumer and now are desperately looking for alternative buyers of their goods...
...better reason for the lack of attention paid to the disappearance of Social Security's surplus may be that it's starting to seem like small change. My earlier worry about 2017 was that the country was going to have to find a way - through raising taxes or cutting spending - to make up for the $100 billion or so that Social Security had been handing over to the rest of the Federal Government annually. Now, with a budget deficit projected at $1.8 trillion this year, we've got far bigger fiscal issues to worry about...