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MGM roared back to life after years of fiscal turmoil, including bankruptcy.
Whether the government's repeated flirtation with fiscal turmoil is causing businesses to postpone or reduce planned investment is also unclear.
Where a stabilizing population can offer economic succor to one country, it may wreak fiscal turmoil in the next.
The state has become a national symbol of fiscal turmoil and dysfunction, the Legislature is nearly as unpopular as Congress and Democrats control every branch of government.
As Greece's fiscal turmoil has rattled global equity, bond and currency markets, hedge funds have scrambled to figure out how to make the big score.
The money raised from ticket sales and sent east, about $10,000 in all, is not exactly going to save the city from fiscal turmoil.
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We need to give free rein to fiscal and monetary authorities to take aggressive steps when financial turmoil turns into financial crisis.
The ongoing financial turmoil in Europe and the risks associated with the looming "fiscal cliff" in the United States, however, mean that the outlook remains "challenging," Mr. Qu said.
As the group released its findings on New Jersey's fiscal problems in Trenton on Thursday, Mr. Ravitch said he had been stunned to learn that after the financial turmoil of 2008 no one in federal government was keeping close track of state and local fiscal troubles, since those levels of government employ about 19 million people and pay for 70 percent of America's infrastructure.
Japan's weakening economy, combined with the global financial turmoil, means that there is little appetite right now for the painful measures (such as higher taxes) required to improve the fiscal situation substantially.
With the euro severely hit by fears of a sovereign default, Greece's financial turmoil had sparked deepening concerns of monetary meltdown in the heart of Europe even as EU and IMF officials were in Athens finessing the fiscal package.
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