Swiss Re officials said most of its shortfall -- 3.4 billion francs -- was because of losses in the value of its equity portfolio.
The district notified the comptroller's office of its shortfall in October and took steps to reduce this year's cost, Mr. Connolly said.
Last week, US Airways reported a loss of $794 million for the fourth quarter of 2002, a moderate improvement on its shortfall of $1.16 billion in the period a year earlier.
"Having gone through 15 years of participating in the market economy I am also the one who is most aware of its own shortfalls," she says.
Regardless of its potential shortfalls, experts agree that action on the federal level is necessary; local governments simply don't have the authority to make laws with international implications.
Despite the downturn, the valley still has as many as 82,000 fewer homes than it would need if it were to house all of its workers a shortfall that is expected almost to double by 2010.Unable to afford to live near their jobs, many workers are forced to commute, mainly by car, and thus lose hours each day on congested roads.
Paris is aware that if it is unable to tackle the issue of its pension shortfall, France's triple-A credit rating may be cut.
Already, it has turned to China to meet some of its investment shortfall.
EDWIN ANDREWS MARILYN ANDREWS Malden, Mass., June 18 , 2011To the Editor: Like most states, New York is cutting mental health services because of its budget shortfall.
C&C blamed part of its profit shortfall on the weather, as did bakery group Greggs, which slumped 168p to £49.10.
