Word: trashed
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...Europe, especially in France, where the budget deficit was already perilously high before the financial meltdown. The consequences are that the E.U.'s rules stipulating that budget deficits shouldn't exceed 3% of GDP and that debt shouldn't go over 60% are about to be consigned to the trash heap - at least temporarily. "Fiscal rules are going to have to be abandoned," says Buckley of Deutsche Bank. The E.U. commission, which is the keeper of those rules, has already given its green light. "The existence of exceptional circumstances allows a deficit temporarily above but close...
...that all but froze credit markets. Much of the discussion, and the planning, has revolved around how the government would buy up the toxic securities such as CDOs (collateralized debt obligations) that are now poisoning bank balance sheets. The thinking has been that once financial institutions can unload this trash on the government, the gears of commerce will move again. But that takes time to pull off. "It's an inefficient way to inject capital," says Campbell Harvey, professor of international business at Duke's Fuqua School of Business. And it also has risk. "You are potentially injecting capital...
...Noble and Urban Outfitters but also 100 condos and 238 apartments--part of real estate's mixed-use trend. Since the Americana's opening, however, the economy has taken a tough turn. TIME's Rebecca Winters Keegan asked Lawrence, V.P. of sales at a company that makes motion-sensor trash cans, about life as an early settler at the mall, in good times...
...made a vow to good acting. Playing a nice guy who's close to a breakdown, Cameron is a one-man festival of overacting: massaging his temples to keep his brain from exploding, tweaking his eyebrow line to relieve some midlife migraine, taking his rage out on the family trash can with a baseball...
...unscrutinized by the taxpayer,” said Carla A. Howell, president of the small government group. Asked to cite specific wasteful items, Howell described “exorbitant government pensions and fake reform of police detail” as only “the tip of the trash heap.” “Governor Patrick pretends to have finally addressed this egregious waste, but it remains wasteful, almost as wasteful as before,” said Howell. “This measure doesn’t even begin to root out the government waste in city...