Read the stunning new book from the Center for Defense Information (CDI) on the long-term budgeting weaknesses and strategic blunders of the DoD.
And second, American investors are worried that their portfolios are going to suffer for the foreseeable future, given the size of the United States' budget deficit, the weakness of the dollar and the uncertainty over the stock market.
Ugly in theme and execution, Elias's "Gut" takes a compelling idea — the allure of death as distraction from the dailiness of life — and loses it among the constraints of a low budget and the weakness of an underdeveloped script.
Still, this seems less of a worry to Europe than potential long-term budget deficits and currency weakness.
The rise in prices suggested that there were still buyers for Treasury debt, despite concern about swelling budget deficits and the weakness of the dollar.
If deep budget cuts amid economic weakness send the economy plunging back into recession, the government may be unable to make the cuts stick, and austerity could be discredited around the world.
Recent economic weakness and budget deficits among the candidates suggest that accession may slip to early 2005, if not later.Whenever it comes, Europe's new members will, in some respects, be second-class citizens.
"Where we saw softness in the market was in advertising," said Colleen Healy, Microsoft's general manager for investor relations, attributing the weakness to budget tightening and to pricing pressure from competition.
Instead, the dissatisfaction is about things like botched promises involving taxes and health care that relate to a tightened budget, and obvious political weakness following the coalition parties' defeat in regional elections and their open dissension about Ms. Merkel's candidate for the post of president.
An unrealistic budget is a major weakness of many grants that come through, and the animal budget is a place where this is common.
