Word: actually
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Dates: during 2000-2009
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...Federal Reserve announced Wednesday afternoon that it was lowering its target short-term interest rate to 1%. Big deal. Almost everybody was already expecting the half-point rate cut that the Fed delivered, and the actual federal-funds rate (as opposed to the target rate) has mostly been below 1% for the past three weeks anyway. The stock market's reaction? A yawn, as the Dow closed down 74 points...
That brings us to the other big news in the announcement. The FOMC left the door wide open for even more rate cuts, which would bring us into uncharted territory. The federal-funds target rate previously bottomed out at 1% from June 2003 to June 2004. The actual federal-funds rate did drop below 1% a few times in the 1950s, but that was another era - an era when the Fed didn't announce interest-rate targets, banks completely dominated the financial system and the U.S. completely dominated the global economy, and there was no such thing as a money...
...want to try to answer some fundamental questions that exist in both biology and engineering pertaining to organisms and devices that flap their wings for propulsion,” Wood said. Wood is approaching this question by manufacturing the robotic fly at the scale of an actual fly. His lab uses parts, including transmission systems and air foils, which have direct biological analogies that are “not accidental”. His lab recently constructed all the individual components of the fly which performed similarly to those of an actual insect. Wood is now developing an apparatus that would...
...those sites by more than 20 percentage points, and a WSVN-Suffolk University poll has Barack Obama leading over John McCain 60% to 40% among early voters. What's more, the number of early voters could approach 30% of all of Florida's 11.2 million registered voters by the actual Nov. 4 Election Day. That massive turnout prompted Florida's GOP governor, Charlie Crist, to flash his bipartisan bona fides this week and lengthen early voting on weekdays by four hours (while letting each county decide whether to lengthen the normal hours this weekend...
...Sell! Sell! Sell!" drowned it out. In the first thirty minutes, 3 million shares changed hands and with them, another $2 million disappeared into thin air. Phone lines clogged. The volume of Western Union telegrams traveling across the country tripled. The ticker tape ran so far behind the actual transactions that some traders simply let it run out. Trades happened so quickly that although people knew they were losing money, they didn't know how much. Rumors of investors jumping out of buildings spread through Wall Street; although they weren't true, they drove the prices down further. Brokers called...