Word: wealthiest
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...been plunged into a fresh phase of political instability after the country's two main opposition leaders were barred from elected office. The controversial ruling from the Supreme Court has sparked violent and angry protests against the government of President Asif Ali Zardari in Punjab, the largest and wealthiest province of the country. Just as Pakistan's civilian leadership most needs to unite to tame militants, the country's two main political parties have revived their poisonous rivalry, setting off on a potentially destructive confrontation with each other...
...Obama and the Democrats will work with us because the stakes are just that high." He also emphasizes the large areas of agreement between Dems and Republicans on upcoming legislation, such as the need for an austere budget (though Cantor opposes letting President Bush's tax cuts to the wealthiest Americans lapse, as Obama intends); the expansion of employer-provided health-care insurance rather than single-payer government health care; and a commitment to renewable energies while keeping the door open to increased oil and gas drilling. But agreeing on the broad goals of some of these items...
...does the White House buy time to spend now without spooking the markets or stoking fears that the U.S. intends to inflate its way out of debt? Obama's aides say they can do that by winding down the war in Iraq, cutting fat and raising taxes on the wealthiest Americans--and, later, by entitlement reform. All during the campaign, Obama talked about going through the budget "line by line," zeroing out programs that don't work or have outlived their usefulness. Even as he signed the stimulus bill, he had already pivoted to the next message. "We will need...
...worth of couples ages 65 to 74 in 2004 was $190,000, including housing assets. By definition of the term median, this value is far more representative of the typical American family than the average net worth of $691,000 he quotes--which is skewed higher by the wealthiest 10% of families. That recalculation, combined with the large decline in net worth for most Americans in 2008, considerably weakens his premise. James Strycharz, HOLYOKE, MASS...
...Federal Reserve Board from 1999 to 2006 and is currently serving in his final year as a member of the University’s governing body. Pritzker, an heiress to the Hyatt dynasty, is the founder and CEO of Hyatt Classic Residence, and was named as one of the wealthiest people in the United States by Forbes Magazine. Pritzker served on the Board of Overseers, the University’s second highest governing body, for a six-year term that began in 2002. The Economic Recovery Advisory Board, which Obama first announced in Nov. 2008, will be headed by former...