Word: abruptly
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...surged to new highs in 2008, causing him to frantically add staff to meet furniture orders and allowing him to wrap up the year with revenue surpassing the $24 million mark - the highest level since his company's launch in 1989. But all of that came to an abrupt halt in January 2009 when the recession forced companies to postpone or cancel office expansions and renovations, causing demand for Brennan's office furniture to dry up. (See the best business deals...
Roach makes a powerful impression when you meet him, because something is clearly wrong. His movements are a beat or two off-sync; the occasional phrase or sentence is interrupted by an abrupt pause, then a slurring. Roach, who is not yet 50, has Parkinson's disease, most likely the result of his own boxing career. But it has not stopped him from taking Pacquiao's energy and giving it strategy. Their partnership has created one of the most riveting fighters in boxing history. Roach seems prouder of Pacquiao than of almost any of his other famous trainees. He sometimes...
Last year, members of the UC began developing a new program to meet the “need” left by the abrupt termination of the old party grants, according to UC President Andrea R. Flores ’10. “People really feel the absence of the party fund,” she said.The Social Grants Act was approved in April and included many of the same restrictions carried over to the current proposal in order to appease many of the administration’s concerns, former UC Finance Committee Chair Sundeep S. Iyer...
...banks lent vast sums of money to developers as property fever gripped the newly wealthy nation. But when the bubble burst with the global meltdown last year, these unpaid loans left huge holes in the banks' books and the liberal lending of the Celtic Tiger era came to an abrupt halt. To steady the ship, the government placed a blanket guarantee on deposits in six Irish banks last September. At the time, according to Finance Minister Brian Lenihan, it was "the cheapest bailout in the world." But that claim soon came back to haunt him. In December it emerged that...
...when President Clinton and a Republican Congress altered the complicated formula that dictates Medicare payments. At the time, the so-called sustainability growth rate (SGR) was depegged from inflation to wage growth. That was fine with doctors until the recession hit and wage growth ground to an abrupt halt, posing the threat of real cuts to their Medicare reimbursements. To prevent that from happening to a constituency no politician likes to alienate - or, worse, having doctors cut services to patients - Congress in 2003 passed a one-year spending patch to fix the problem; six fixes later, that "temporary" solution...