Since his last term, after voters in 1978 passed a famous anti-tax initiative called Proposition 13, money and power has shifted from schools, cities and counties to the state.
Royal's defeat is a severe blow for French socialists, who have not held the presidency since Francois Mitterrand's last term ended in 1995.
For more than two weeks, Lebanon has been a country without a president, since the last head of state completed his term.
Fowler, 31, has scored four goals in his last five games since returning on a short term contract to Anfield.
BBC: SPORT | Football | My Club | Liverpool | Bolton renew interest in Fowler
The London interbank offered rate, at which banks lend money to each other, rose on Thursday to 0.37%, its highest level since last August, a sign that short-term cash is becoming scarcer for banks.
Data from the National Association of Realtors, however, shows that sales have been improving in the long term, growing by 11% since last year.
American drugs fighters wonder why Jorge Carrillo Olea, a former state governor suspected of protecting kidnappers and traffickers, is still free nearly two years after he stepped down, and why Mario Villanueva, another state governor suspected of trafficking, has not been found since he fled last March, just before his governor's term (and immunity from arrest) ended.
Lebanon's presidency has been vacant since pro-Syrian President Emile Lahoud's term ended late last year.
Kobo has been sold at WH Smith stores since last year - a deal the retailer describes as "a long term commitment".
Congress got itself in this mess because a few dozen self-styled tea partiers have refused since last summer to help build a consensus agreement on either short-term stimulus or deficit reduction.
FORBES: A Two-Month Payroll Tax Cut Is Dumb, And So Is How Congress Got There
Obama signed the Lilly Ledbetter Act into law at the beginning of his last term, but the gap has actually widened a bit since then while complaints filed with the Equal Employment Opportunity Commission fell.
FORBES: Dear President Obama: Want Equal Pay for Equal Work? Here's Where to Start.
And since the ECB started its long-term refinancing operation (LTRO) programme last November, they have been getting quite a lot of longer term funding from that source as well.
Niang was top scorer in Ligue 1 last term with 18 goals, helping the club with their first title since 1992.
The 22-year-old Sharapova won her fifth consecutive match in straight sets, claiming her first title since triumphing in Tokyo in October last year as she continues her rehabilitation from long-term shoulder problems.
CNN: Venus defends Dubai crown to move up all-time titles ladder
What these elections cannot tell us is whether politics is as it has been for the last three decades since the 80s - where governments can bounce back after mid-term defeats - or whether we'll soon see a return to the politics of the 70s - of one-term governments thrown out of office.
The daily relative performance or RS analysis had been in a short-term uptrend since the July lows (line g), which was broken last week.
The 26-year-old Congolese forward was top scorer for the Alex last season but has fallen out of favour this term and has not played since early October.
Trading Friday is likely to be extra-important regarding the near-term technical posture of the gold market, and especially since Friday is the last trading day of the month and of the quarter.
FORBES: Comex Gold Up On Short Covering, Bargain Hunting, Bullish Outside Markets
The yield on long-term (10-year) government debt hasn't really fallen since the last batch of QE was announced in October, but since July 2011 the government's cost of borrowing has fallen by around 1 percentage point, from just over 3% to just over 2%.
Even if a supposedly long-term arrangement were to be agreed upon, it would be unlikely to last long since so many of the other checks and balances are likely to change.
Corruption was seen as a key problem by 17% of Spaniards in the government's main "CIS" survey last December, nearly double the rate of the previous month and the highest rate by far since the term "corruption and fraud" was included in the poll 11 years ago.
That makes practical sense: since harvests vary according to the crop and last for only a few days, few jobs can be long-term.
Although I am still intermediate-term bearish on the market, not expecting the low for this second year of the Four-Year Presidential Cycle until October or November, this short-term rally might have longer legs than the last three oversold rally attempts that have taken place since the market topped out in April.
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