Cliff
in sentence
343 examples of Cliff in a sentence
Their logic is that if we are about to rush off a cliff, we need to take extreme measures.
Sufis under AttackNEW YORK – In 2001, Afghanistan’s Taliban government ordered the destruction of the Buddhas of Bamiyan, two sixth-century statues carved into the side of a
cliff
in central Afghanistan.
The American Taxpayer Relief Act – the tax deal reached in early January to avoid the “fiscal cliff” – shaves about $750 billion from the deficit over the next ten years and could take a percentage point off the 2013 growth rate.
The international money managers had decided that Russia was at the brink of the economic
cliff.
Financial institutions fell off the
cliff
in 2008, it is argued, because they got too close to the edge.
In the US, output continues to expand, but at a moderate 2% pace; and, even leaving aside the fiscal
cliff
looming at the end of the year, when Congress will be forced to impose spending cuts and allow tax cuts enacted in 2001 to expire, recovery remains at risk.
The objective of threatening a fiscal
cliff
was to force a “cooperative outcome” on an increasingly “non-cooperative game.”
All of this suggests that, whether in the lame-duck congressional session following the elections or in the first few months of the new Congress, US politicians will likely dismantle the fiscal
cliff.
Some will express surprise at this strange country, which is never so great as when it is on the edge of a
cliff.
Like James Dean and Buzz in “Rebel Without a Cause,” the Spanish and Catalan governments are speeding their cars toward a cliff, with each expecting the other to be the first to jump out.
The Post-Crisis CrisesNEW YORK – In the shadow of the euro crisis and America’s fiscal cliff, it is easy to ignore the global economy’s long-term problems.
Only a month ago, in another
cliff
hanger weekend, Russia received a major IMF and G-7 bailout package; important reforms were promised, a measure of confidence was restored.
The United States did not fall over the fiscal
cliff.
Then, once the European project is halfway over the cliff, the federalist moment might arrive.
The reason is entirely political: partisan polarization has reached levels never before seen, threatening to send the US economy tumbling over the “fiscal cliff” – the automatic tax increases and spending cuts that will take effect at the beginning of 2013 unless Democrats and Republicans agree otherwise.
Right now, every senior politician in America is telling their favorites in the press that they are confident that compromise on the “fiscal cliff” will be reached before the end of December.
Thant Myint-U, a leading historian of contemporary Burma (and the son of former United Nations Secretary-General U Thant), likened Churchill’s move to “throwing Burma off a cliff.”
So why isn’t the prospect of going over the fiscal
cliff
greeted with enthusiasm?
For them, the problem with the fiscal
cliff
is that it does not cut spending enough and raises taxes too much.
Second, and more important for those who worry about the US economy’s health, the process is not well-described by the term “fiscal cliff.”
But if that is the benchmark, we could say that jumping off a
cliff
is the best way to get down from a mountain; after all, the descent has been stopped.
Yet China is causing high anxiety, especially in emerging countries, largely because financial markets have convinced themselves that its economy is not only slowing, but falling off a
cliff.
As ideological purists, they will not be satisfied until the UK is fully out of the EU, even if it means jumping off a
cliff.
Even if the country avoids going over the “fiscal cliff,” a poorly designed political compromise that cuts the deficit too quickly could push an already weak economy into recession.
The US economy has been limping along with a growth rate of less than 2% during the past year, with similarly dim prospects in 2013, even without the shock of the fiscal
cliff.
President Barack Obama’s proposed alternative to the fiscal
cliff
would substantially increase tax rates and limit tax deductions for the top 2% of earners, who now pay more than 45% of total federal personal-income taxes.
The Congressional Budget Office and the Federal Reserve predict that going over the fiscal
cliff
would cause a recession in 2013, with Fed Chairman Ben Bernanke recently saying that the Fed would be unable to offset the adverse effect on the economy.
In addition to removing the damaging specter of the fiscal
cliff
– a potentially disruptive economic hindrance equivalent to some 4% of GDP, in the form of excessively blunt spending cuts and across-the-board tax increases – greater political effectiveness would serve to remove other uncertainties that inhibit certain economic activities.
After their experience in 1997-1998, Korean policymakers would sooner jump off a
cliff
than borrow, even without conditions, from the IMF.
The Political Economy of 2013NEWPORT BEACH – Watching America’s leaders scramble in the closing days of 2012 to avoid a “fiscal cliff” that would plunge the economy into recession was yet another illustration of an inconvenient truth: messy politics remains a major driver of economic developments.
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