Word: budgeting
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Alaska will also be staring down a budget crisis: crude oil slipped below $60 a barrel just before the election, and Alaska's budget balances only if oil is in the mid-$70 range or higher. The days of Palin's $1,200 bonus check to every Alaskan may be over, and if her popularity at home suffers, so does her national profile...
...Cambridge City Council discussed the state-wide budget cuts exceeding one billion dollars at the weekly town hall meeting yesterday. The decrease in state funding will affect many local programs in public health, safety, and education, according to a report prepared by the City Manager, Robert W. Healy. “Even though this is bad news, we have only just begun,” said Brian P. Murphy ’86-’87, the vice mayor of the City of Cambridge. He said that the income generated by the capital gains tax is expected...
...developed country has suffered as much from the credit crunch as Iceland, which has seen its banking system and its currency, the kronur, all but collapse. The silver lining in an Arctic cloud: what was once one of the most expensive, if memorable, destinations in Europe has suddenly gone budget. Icelandair flights from New York City start at $500 round-trip, and decent hotels in the hip capital of Reykjavik - like the Centerhotel Thingholt - are as low as $60 a night. Sure, if you go in the late fall or winter you'll get only about five hours of sunlight...
...currency value since a year ago: 28% The Aussies' unoriginally named currency almost managed parity with the American dollar in recent years. Not anymore. The Down Under dollar now gets you only about 66 cents. But that opens the Land of Thunder's many delights to the American budget traveler - once, of course, you mortgage your devalued home for a plane ticket. Round-trip tickets from New York City to Sydney are going for about $1,400. On the upside, when it's winter in the North, it's summer over there. (Except financially - then it's winter everywhere...
GREAT BRITAIN Drop in currency value since a year ago: 23% Admittedly, it's difficult to put England on any kind of budget-travel list, given that a brief, one-way trip on the 145-year-old London Underground will still run you more than $6. But compared with a year ago, when you needed more than $2 to buy a single coin with the Queen of England's face on it, Britain has gotten considerably cheaper - relatively. Book a spin on a "champagne flight" on the London Eye - the giant Ferris wheel (and millennial white elephant) on the banks...