Killer Deficit

Jody B (United States of America)
NY Times editorial on the trade deficit.

http://www.nytimes.com/2010/08/16/opinion/16mon1.html?_r=1&ref=opinion
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Full list of words from this list:

words only definitions & notes
  1. beleaguer
    annoy persistently
    As Germany and other rich countries in Europe start slashing their budgets and the world economy slows, the United States — beleaguered as it is — has been left as a lone source of demand growth.
  2. percent
    a proportion in relation to a whole
    In the first five months of the year, Germany’s trade surplus, driven in large part by demand for machine tools in recovering Asian economies, rose 30 percent compared with 2009, to about $75 billion.
  3. sustainable
    capable of being prolonged
    This isn’t sustainable.
  4. recession
    the act of returning control
    The United States is tentatively emerging from recession but is still at risk of another dip.
  5. underscore
    give extra weight to
    The pattern underscores big problems with the mix of economic policies around the world.
  6. export
    sell or transfer abroad
    Yet trade statistics released last week indicate that American consumers are sucking in large quantities of imports as spending recovers, while weak demand in the rest of the world is crimping American exports.
  7. economy
    the system of production and distribution and consumption
    Return of the Killer Trade Deficit

    The world economy is falling back on very dangerous habits.
  8. punitive
    inflicting punishment
    Punish China rumblings are back on Capitol Hill, but any move to slap punitive tariffs on Chinese goods could lead to destructive tit-for-tat retaliation.
  9. trade
    the commercial exchange of goods and services
    Return of the Killer Trade Deficit

    The world economy is falling back on very dangerous habits.
  10. exporting
    the commercial activity of selling and shipping goods to a foreign country
    Germany, the world’s other exporting power, is cutting its budget and relying on foreign demand to drive its economic rebound.
Created on 八月 16, 2010 (updated 八月 16, 2010)

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