Word: processing
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Dates: during 2000-2009
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...perhaps in some cases even a profit on their investment. That theory is that the agencies investing the money have only a vague set of forecasts for returns and, under pain of death, could not supply a detailed accounting of predictions for how government investments will pay out. The process of stimulating the economy may, indeed, have no specific goals other than to move GDP back to the positive growth rate in the budget and stimulus bills and the recovery in employment that is laid out by the Office of Management and Budget. That would mean that the approach...
...Treasury is in the process of auctioning hundreds of billions of dollars in debt and this will continue until the government no longer needs capital to run the country and save the world. IRS receipts are already running well below the Administration's forecast. The interest rate that the government will have to pay for money may go up as investors become less comfortable with the federal deficit. The Chinese government, which is the most important single purchaser of US paper, has expressed concern about the profligacy of American spending. No one can tell what the Omega is for government...
...that most private enterprise forecasts are, but Americans would at least have a set of assumptions against which they could measure progress. The benefit of keeping people in the dark is that it pushes the day when accountability will become an issue into the future. That may make the process of governing easier, but it will eventually just make angry taxpayers angrier...
That there will be a peace process under Obama's aegis is beyond doubt right now, but it may look quite different from those that went before...
...rises over the Singapore Strait another long day for Arnold Lee begins. On a launch chugging out of Singapore harbor, the shipping agent's job that morning is to smooth the immigration process for three anxious-looking seamen, from Greece, Ukraine and Romania, who are joining the crew of a 200-m-long bulk carrier anchored an hour southeast of Singapore. As the Greek chief engineer sits in the launch, nervously fingering a string of black prayer beads, Lee clambers aboard the ship, the Anaisa Ionna, from a rope ladder dangling from its side. Forty-five minutes later the Singapore...