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"Rightly or wrongly, white guilt has largely exhausted itself in America".
Mr. McCormac said the state has largely exhausted the nonrecurring sources of revenue it has relied on in the past.
Abu Dhabi also has most of the UAE's oil reserves, while Dubai has largely exhausted its oil and relies on real estate and other investments.
In the United States, Wal-Mart has largely exhausted places in suburban and rural areas to build new stores, and is focusing on many of the nation's biggest cities.
Even as he argued that timetables for minority hiring may be necessary where there is evidence of systemic discrimination, he also warned in his second book, "The Audacity of Hope," that "white guilt has largely exhausted itself in America".
"The world has largely exhausted the scope for central bank improvisation as a growth strategy".
Similar(49)
State and local governments have largely exhausted rainy-day funds and are laying off workers.
Despite foreign-aid donors' constant pleas for restraint, logging companies have largely exhausted the country's once abundant forests.
But Mr. Bernanke, while noting those economic challenges, returned to the language of speeches he gave earlier this year, arguing that the Fed had largely exhausted the power of its monetary policy.
"Agriculture was the main livelihood for rural households before the crisis and it is still producing to a certain extent, but it is stretched to the maximum and farmers have largely exhausted their capacity to cope," he said.
He argued that "while so much of the global economic discussion focuses on monetary and fiscal stimulus, we believe that these options have largely exhausted their effectiveness, at least from an Australian perspective.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com