This turnaround is particularly noteworthy given Governor Pataki's claims in May 2003 that the Legislature's balanced approach to dealing with the $ 11.5 billion budget gap was going to do
great damage to the economy and produce large recurring budget gaps.
And as we know from recent experience, house prices that go up can also come down, causing
great damage to economies.
Not exact matches
Global Risks: A Roadmap for Business in a Changing
Economy What risks are lurking on the global horizon, failing
to draw our full attention but capable of inflicting
great disruption and
damage?
While an improved
economy and rising stock market have helped private institutions repair much of the
Great Recession's
damage to their endowments, the biggest investment gains and largest gifts are flowing
to the wealthiest schools, according
to a recent analysis by Moody's.
«These cuts incurred losses
to the provincial
economy far
greater than the expected savings, and will continue
to damage our reputation and our
economy for years
to come if steps are not taken immediately
to improve service.»
Because the longer it takes
to get the recovery moving, investment flowing and long - term unemployment down, the
greater the
damage to the underlying strength of the
economy.
In my opinion by far the
greatest risks are the near term economic
damage that CAGW alarmist's policies will do
to the world
economy.
He is
great on the merits of emerging sharing
economy models, new public transport systems and town planning that are serving
to design out the car, the Transition Town movement and its focus on community energy, China's land grabs in Africa, and the crushing and debilitating
damage done by the Anglo - Saxon work - life imbalance — his description of a «Universal Job Description for life in the service
economy» that runs: «Sit at desk, write emails, answer phone, make tea and / or coffee, go
to meetings, fiddle with spreadsheets, eat lunch,» will be sadly redolent
to many.
The risks
to damage to worrldwide
economies is too
great to set back and let the free market find alternative sources which will take decades
to solve.
Not only does this lead
to much individual suffering, but the
damage to the
economy is also
great with health and social care costs and lost output amounting
to over # 100bn in the UK.