The recent fall in private saving has been only partly offset by the government's budget surplus.
The OECD economists point out that private saving tends to fall when public saving increases.
As money was diverted from the payroll tax, government saving would fall while private saving rose.
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And, efficiency gains that raise income would lead to some additional private saving.
This slump in private saving is also reflected in America's widening current-account deficit.
Economics 101 students also learn that the three sources of net saving are: private saving, saving from abroad, and government dissaving.
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High private saving means that much sovereign borrowing is funded at home.
The existence of a state pension has long discouraged private saving.
More important to economists is the fact that Italy has much higher levels of private saving than the bail-out countries, and relatively low levels of private debt.
Over the four decades to 1996, net private saving was consistently positive ie, the saving by American households was more than adequate to meet the financial needs of business.
Arithmetically, higher government saving and a bigger external deficit imply a further fall in private net saving.
To explore how the expansion might eventually end, the authors consider a range of possibilities for private net saving.
Private pension saving has been getting a bad name, as the troubles at Equitable Life follow the scandal of personal pension mis-selling.
In 1999, Shakespeare in Love won best picture, beating the favourite Saving Private Ryan.
In Saving Private Ryan a general reads a copy of this famously inspiring missive.
If economic growth is the objective, the money should be left in private hands for saving and investment.
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One strategy is to relieve the pressure on mandatory pensions by encouraging private, voluntary saving for old age.
Blockbuster credits like ET, Jurassic Park, Schindler's List and Saving Private Ryan have earned Spielberg legendary filmmaker status and scores of accolades.
Many websites are now offering MP4 versions of popular movies such as The Wizard of Oz, Saving Private Ryan and The Matrix.
There is also the famous scene from the movie, Saving Private Ryan, in which General Marshall reads the letter from Abraham Lincoln to Mrs.
She complains that no-one remembers the mods and rockers who, in the 1960s regularly turned Brighton beach into the opening scene from Saving Private Ryan.
It won seven Academy Awards, including one for cinematography, and Mr. Kaminski gained a second Oscar five years later, for Mr. Spielberg's "Saving Private Ryan" (1998).
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Among them: a homosexual AIDS victim in the 1993 tearjerker Philadelphia, a slow-talking Southerner in the 1994 hit Forrest Gump and a heroic captain in 1998's Saving Private Ryan.
This isn't surprising, since the film's first-time director has won Academy Awards for his camera work on two of Steven Spielberg's greatest works, "Schindler's List" (1993) and "Saving Private Ryan" (1998).
To understand why, one needs to focus on an accounting relationship: by definition, the sum of net private-sector saving (saving less investment) and public-sector saving (the budget balance) must be equal to a country's current-account balance.
Technicolor has set up the following toll-free numbers for consumers who have already purchased the Saving Private Ryan Sapphire Series Blu-ray, which provides details on how they can receive a replacement copy - US and Canada: 888-370-8621, UK: 08000-852-613.
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" Saving Private Ryan " (DreamWorks ): Whatever reservations one may have about Steven Spielberg's movie as a whole, the first long battle sequence is masterly filmmaking that can be studied in shocking detail on this impeccably produced disk.
Yes, Mr. Spielberg tarted it up with "Gone With the Wind"-style crowd scenes and snippets of "Saving Private Ryan"-type carnage, but for the most part he seems to have taken what Mr. Kushner gave him and run with it.
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It was 60 years ago, and it was almost impossible for later generations - despite everything that was in the film Saving Private Ryan - to even imagine what bravery it took to land on D-Day and fight the ferocious Normandy campaign.
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Mark Huffam, whose film production credits include Saving Private Ryan and Mamma Mia, becomes a CBE, and there is an OBE for Alex Hope, who runs visual effects company Double Negative and won an Oscar this year for his work on Inception.
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