Word: terme
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...rigs operating in the U.S. has fallen well over 50% in the past year, according to EIA data. Because a given well's output decreases over time, producers need to drill new wells continually to keep up production. Thus, the falling rig count raises concern about the longer-term-supply outlook...
...against an incumbent President, under very, very difficult circumstances," he prickles when asked about it. He took the loss hard. He skulked around the Senate for months, casting wary eyes on his colleagues and reporters alike. Friends say he talked in 2005 about leaving the Senate when his fourth term came to an end in 2008. Not until 2006 did he firmly declare he would seek a fifth term...
...trillion figure is just an estimate, and who knows what the economy will look like in 10 years. With any luck we won't be in a recession anymore, so revenue will be up and stimulus spending will disappear. The real budget problems lie in the long-term programs, such as Medicare and Social Security: Medicare's 2003 prescription-drug program has added nearly $1 trillion to the deficit and baby boomers' looming retirement will stress Social Security's already financially precarious situation. It's one thing to spend our way out of a recession. It's entirely different...
...Milligan knows that the bank's first impulse, from a business standpoint, is to try to auction the house and at least get some long-term mortgage-interest revenue out of the sale. That's a big reason so many banks have balked at loan modifications in spite of MHA: they'd rather roll the dice with another owner since studies show many modified mortgages still go south, just delaying the inevitable. But in cases like Miami Gardens, says Milligan's lawyer, Miami real estate attorney Rashmi Airan-Pace, lenders need to realize that as foreclosures mount and infect neighborhoods...
...economy, exercising unprecedented powers and sidestepping the democratic process, figuring that desperate times called for desperate measures. And while the blaze hasn't been extinguished, it's starting to look like it's under control, which is why President Barack Obama reappointed Fireman Ben to a second term on Tuesday. Bernanke was at the President's side when he made the announcement and heard Obama say that Bernanke had "led the Fed through one of the worst financial crises that this nation and this world have ever faced." (Read Obama's remarks about Bernanke...