Word: almost
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...Federal Reserve has said that it now expects unemployment to hit almost 9% by the end of the year. But, the point at which the economy begins to turn around is not when joblessness hits its peak. This inflection comes when the rate of the increase in firings begins to slow. The most important moment in a downturn comes not when the damaging contraction's momentum has come to rest but when its progress has begun to slow. (See pictures of former Fed Chairman Alan Greenspan...
Layoffs at big companies are so common now that it is novel when a day goes by without Microsoft (MSFT), Caterpillar (CAT), or Macy's (MC) letting thousands of people go. There are a relatively small number of America's largest companies which will almost certainly not have significant layoffs. One of them might close an office in Turkey, another could replace telephone operators with an automated system, but each is in a unique position that makes it highly unlikely for them to want or need to fire employees...
...only a few years ago that fewer than 50 percent of students were on grant aid,” Fitzsimmons said, “This year almost 60 percent of the current class is on some form of grant aid… given unprecedented economic challenges we could have an even higher percent [of the class of 2013] on financial...
...government's response to Katrina impacted the city's future: "Sometimes he found himself thinking uncharitably about the people who hadn't returned, and had to make an almost physical effort to haul himself back from that. Everybody's got circumstances, he'd tell himself. Not everybody can set their own destination. But it seemed to Ronald that a fundamental mistake had been made after Katrina. The government dangled a lot of resources, and it made everybody freeze up. Nobody wanted to start in until they saw what they were going to get. We knew after Betsy we weren...
...Gibbs' Southern twang and peachy face do not make him the most likely daytime-television star, even if he has, in the words of presidential aide David Axelrod, "classed himself up" since the election by buying a rainbow of pastel ties and dropping about 15 lb. (7 kg). Yet almost every weekday, Gibbs anchors his own show with the White House press corps, and it has become a key place to discover what the Administration is planning next...