Word: turnings
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Once the remaining $73 million is gone, Palmer says California would turn to its general emergency fund, which totals $500 million. In signing the budget in July, Schwarzenegger made additional cuts in order to have half a billion dollars in reserves put aside for catastrophes such as fires and earthquakes. (See 10 things to do in Los Angeles...
Californians do not have to bear the full brunt of disaster, should it strike. Taxpayers across the nation share the cost of emergency responses to hurricanes in Florida, tornadoes in Kentucky and wildfires in California. When fires or other emergencies endanger property, states turn to the Federal Emergency Management Agency (FEMA) for grants of assistance that pick up 75% of the expense. Since July, eight California wildfires have qualified for FEMA assistance, says Palmer...
...activities." Stevens adds, "Since Aug. 28, Governor Schwarzenegger has requested and been granted five fire-management-assistance grants." He says FEMA will continue to work closely with California to make sure the state has the financial resources to combat wildfires. In short, if California is burned badly, it can turn to Uncle Sam for help to pay the bills...
...giving Asian companies preferential treatment in selling to Asian companies and consumers. These benefits could come with downsides, however. Companies in countries left out of the trade pacts - for example, the U.S. - could face disadvantages when trying to tap fast-growing Asian markets. This, in turn, could have a negative impact on efforts to rebalance excessive debt in the U.S. and excessive savings in Asia. FTAs "create a nonlevel playing field with advantages for Asian countries," says Eswar Prasad, professor of trade policy at Cornell University. "If the most dynamically growing part of the global economy gives the U.S. restricted...
...American system, there's nothing obviously wrong in making such ambassadorial choices; Roos may turn out to be an excellent envoy. But at this particular juncture in Asian politics, it was inevitable that the appointment looked like an opportunity missed. The U.S.-Japan alliance really has been important to stability in Asia, but its foundations, in my view, have never been quite as secure as its boosters have liked to assert. The Japanese election - it becomes clearer every day - represents a real sea-change in politics there. If the alliance is not now to drift into irrelevance, or worse, some...