Word: surpluses
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...Walter Lippmann famously wrote that "foreign policy consists in bringing into balance, with a comfortable surplus of power in reserve, the nation's commitments and the nation's power." By that standard, U.S. foreign policy is in Chapter 9. No matter what grand visions Obama may harbor to remake the world, the central mission of his foreign policy--at least at first--will be to get it out of the red. Call it the solvency doctrine...
...Ukraine's largest aid donor. Ukraine is facing a financial meltdown, and recently asked for a $16.4 billion International Monetary Fund bailout. Gazprom, owing around $60 billion and seriously short of cash, currently has storage reservoirs so full that it risked having to burn off some of its surplus if the gas was not pumped out soon...
...currently reducing its expenditures by one to two percent from an expected spending level of $24 million, and plans to reduce by an additional four percent in fiscal year 2010, Radcliffe Dean Barbara J. Grosz reported. Radcliffe spent $19.7 million in fiscal year 2008, ending the year with a surplus in unrestricted funds, according to its last annual report. Grosz said Radcliffe was on a growth curve when the initial spending level for fiscal year...
...fell to $8 a barrel, Texas is not heavily dependent on its energy industry, so the state "should have more resistance to, but not immunity from, recessionary conditions," according to state comptroller Susan Combs. When the legislature convenes for its biennial session in January, Texas will have a big surplus, thanks in part to last year's booming oil and gas revenues - one of only nine states...
...biggest economic crisis in decades. One result has been that Americans are driving less - 100 billion miles fewer in the first 10 months of this year than in the same period for 2007, according to the U.S. Department of Transportation. Far from a shortage, there's now a surplus of oil, with about 50 million barrels of it currently stored in about 25 oil tankers awaiting buyers...