Word: budgeting
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...film. To get a sense of the competition facing industry entrants, one only needs to compare this level of financing to that of the Chinese-language film dominating the city's movie houses this season - John Woo's Chinese historical drama Red Cliff, which with its estimated $80 million budget is Asia's most expensive movie to date. The trend for increasingly expensive epics will eventually lose steam, of course. But nobody is sure that Hong Kong's film industry will be ready with a replacement when it does...
...This is going to make it extraordinarily difficult for whoever's going to become President--I don't care who the President is.' KENT CONRAD, U.S. Senate Budget Committee chairman, on the Bush Administration's $482 billion projected budget deficit--a record...
...many Americans are struggling to avert foreclosure as they fork over $4 a gallon for gasoline. That's why the U.S. economy has grabbed center stage this campaign season. The ultimate test: How would the candidates put more money in your pocket while dealing with a record estimated budget deficit of $482 billion? Here's where the candidates stand on four key issues: [This article contains a table. Please see hardcopy of magazine.] DEMOCRAT REPUBLICAN Barack Obama John McCain 'The core of our economic success is ... each American does better when all Americans do better.' 'Small businesses...
...economic-policy speech on July 7, John McCain promised to balance the federal budget, sort of. Actually, he said he would "demand" a balanced budget, but he never quite got around to saying how he would balance it. This set off a reflexive think-tank hiccup of outrage of the sort we've been living with since the days of Ronald Reagan. McCain's claim that he could achieve balance by cutting government spending elicited an immediate and justifiable Yeah, right from the experts. As always, he was fixated on cutting little things, the so-called earmarks that our legislators...
...Debates about budget policy have rested in this comfortable if unedifying rut for too long. In fact, the most striking thing about McCain's plan was how closely it mimicked the dismal debates of over 20 years ago, when Congress passed massive tax cuts and then pasted on Band-Aids like Gramm-Rudman-Hollings legislation to compel reductions in spending that never materialized. The mildewy whiff of McCain's economic policies intensified three days after the budget speech, when Phil Gramm himself appeared, in his capacity as McCain's economic guru, and pronounced that the country was in the midst...