Word: surpluses
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...this as the fourth boom cycle in my lifetime in Louisiana. We had an oil boom, a gambling boom, and a health care boom. Whether this is being caused by the hurricane recovery or the oil and gas economy, it's another boom. There's over a billion-dollar surplus. The last three times there was a boom cycle, Louisiana in general invested those dollars in instant gratification. We didn't make investments in cutting taxes and investing in education. We didn't make the kinds of reforms we needed to make. Now we've got a chance...
...Romney’s good heart and work ethic, gained national fame when he led the 2002 Salt Lake City Olympic Games. As expected, Romney transformed a $379 million deficit into a $56 million surplus. He also set an example. Foregoing a salary, Romney cut the fancy meals and expensive trips. He infamously served his executives pizza on paper plates—and charged them a dollar a slice. Pledging to strip government officials convicted of felonies of their pensions and to prohibit senior staff members’ relatives from lobbying the executive branch, a President Romney could polish...
...course, Governor Romney is the best model for a President Romney. His record should stroke conservatives’ feathers: He left a state once $3 billion in debt with a $1 billion surplus (without raising taxes), deputized state police to enforce federal immigration laws, increased the number of charter schools, and vetoed a bill authorizing the cloning of human embryos...
...reason for that is clear enough. At a time of extreme stress in global equity and credit markets, many governments have surplus foreign exchange to play with - and because of the falling dollar, they are increasingly interested in investing their cash where it can earn greater returns than U.S. Treasury debt, the traditional safe haven. The largest SWFs - the so-called Super Seven, which includes China, Russia, Abu Dhabi, Kuwait, Norway and two Singapore funds - control up to $1.8 trillion. By 2011, assets under management at SWFs worldwide are projected to grow almost fourfold to nearly $8 trillion, according...
...With governments becoming more adventurous in the way they invest their surplus wealth, investors ought to "rejoice at the impetus the SWFs will provide to continued growth in global asset markets," says Alex Patelis, head of international economics at Merrill Lynch. But countries on the receiving end of such largesse remain wary. At a G-7 meeting of finance ministers held in Washington in October, SWFs were a major topic of discussion, partly due to concern about their potential impact on markets. SWF "investment policies, minor comments or rumors could spark volatility," said Clay Lowery, assistant secretary for international affairs...