Ceiling
in sentence
534 examples of Ceiling in a sentence
Reducing deficits in order to raise the debt
ceiling
was the right thing to do, but the August 2 law does it in the wrong way.
Indeed, the “Greenspan put” (former Fed Chairman Alan Greenspan’s monetary-policy approach) eliminated the downside risk by setting a floor under asset prices; but it set no
ceiling
on the upside.
By enabling lower-wage workers abroad – and, increasingly, machines – to do more jobs, technology has reinforced this “maximum wage ceiling.”
The key to breaking through this
ceiling
is to change the kinds of work in which people are engaged.
For example, India could enforce a
ceiling
on wedding expenditure – typically a father’s biggest expense associated with his daughter.
For Switzerland, the solution was to implement a
ceiling
on the franc’s exchange rate against the euro.
In the US, the fiscal worries are threefold: the risk of a “cliff” in 2013, as tax increases and massive spending cuts kick in automatically if no political agreement is reached; renewed partisan combat over the debt ceiling; and a new fight over medium-term fiscal austerity.
A small example: as recently as July 8, after the latest disappointing employment report in the United States, President Barack Obama expressed the widely held view that an agreement on the debt
ceiling
and deficit reduction would remove the uncertainty that is holding back business investment, growth, and employment.
But the Maastricht Treaty's Stability and Growth Pact limits fiscal deficits to 3% of GDP - a
ceiling
that Germany is already hitting.
The Gallup Index dropped sharply between the first week of July and the first week of August – the period when US political leaders worried everyone that they would be unable to raise the federal government’s debt
ceiling
and prevent the US from defaulting on August 2.
Though showdowns in the US Congress over the debt
ceiling
did not result in a government shutdown this month, US leaders have only kicked the can down the road to the end of the year, when the stakes could well be higher and the stalemate more intractable.
The economy in 2013 was held back by tax increases, government spending cuts mandated by the sequester process, the temporary government shutdown, and the possibility that a binding debt
ceiling
would require further cuts in government outlays.
It was not a populist message, because the ECB does indeed have the firepower to buy enough sovereign bonds on the secondary market to put a
ceiling
on interest rates, at least for many months.
By standardizing design elements like
ceiling
heights, fixtures, and flooring, construction companies can cut costs and raise productivity, as workers gain experience with repetitive tasks.
And they have been a recipe for policy paralysis in America’s long debate about raising the
ceiling
on its national debt.
The collapse of oil prices from above $100 a barrel in 2014 into what looked like a stable range with a
ceiling
around $50 has been a major boon to the world economy.
But US oil prices broke through the $50
ceiling
last autumn, and by January they seemed to be heading for $70, with many traders forecasting a return to $100.
What is really significant, however, is that the 3% level, which has acted as a
ceiling
since 2011, has not been breached.
She has written a manifesto about breaking the glass ceiling, called Lean In: Women, Work, and the Will to Lead, and is drawing fire for it, because she argues that women often sabotage themselves.
Anne-Marie Slaughter, who wrote a much-read article about the glass
ceiling
last year, has sought an open debate about where the problems lie.
With such low growth, the 3%-of-GDP
ceiling
for annual fiscal deficits is no longer compatible with the 60% limit on the debt-GDP ratio that the Maastricht Treaty stipulates for the euro countries.
The easiest way to keep the debt/GDP ratio under control would be to implement a staggered deficit criterion that reduces the permitted public-finance deficit to less than 3% for countries whose debt/GDP ratio exceeds 60% and raises the deficit
ceiling
above 3% for countries whose debt/GDP ratio is below this level.
Specifically, a
ceiling
must be set on local money creation by establishing the obligation to settle balance-of-payments imbalances with gold or other comparably safe means of payment.
And it should ensure that its policymakers view the 2% target for annual inflation as a goal to aspire to, rather than a
ceiling
to avoid.
True transnationalism offers a higher
ceiling
for cooperation, but it is also riskier.
And more is expected to come: in November 2008, the Ecofin Council increased the
ceiling
for possible balance-of-payment loans to non-EMU countries to €25 billion.
Against this background, Brazil’s National Congress, seeking to regain market confidence, approved an unprecedented constitutional amendment last December that imposes a
ceiling
on non-interest government expenditures, indexed to the previous year’s inflation rate, for a period of at least ten years.
Furthermore, the
ceiling
does not distinguish between government consumption and investment.
And, in practice, it is likely to become more of a target than a ceiling, thereby removing room for countercyclical fiscal policy during a future downturn.
While born of a real sense of fiscal urgency, the biggest risk is that it will eventually fuel political conflict around the
ceiling
itself, rather than foster deliberation about the difficult fiscal choices that must be made.
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