Word: almosts
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Here's how it worked. The FDIC decided to run the bank itself rather than rely on the bank's past managers or hire new ones. So almost immediately after the agency took over IndyMac last July, it sent over two of its top officials, chief operating officer John Bovenzi and Dallas-based assistant director Rick Hoffman, to Pasadena, Calif., to run the bank. Bovenzi became IndyMac's CEO. Hoffman took on the role of president. For Bovenzi and Hoffman, cost-cutting was high on their agenda. They slashed the rate the bank was paying on certificates of deposit. Expensive...
...losses in any downturn are net numbers and hiring does go on. Hiring new employees is almost subterranean and is rarely part of the reporting of the daily carnage that goes with mass layoffs and unemployment numbers. (See the 25 people to blame for the financial crisis...
...somewhere else. That person has to be replaced and can probably be replaced for less pay than the person who left. The number of applicants for the job may be a hundred times what it was a year ago. The employer has the pick of a large and almost certainly qualified field...
...recession is still at a stage where for every person hired in the economy, ten may be fired. The liberating aspect of this is that companies now know that the markets for almost all goods and services will be down for a very long time. There are few illusions left that economic activity will be robust again in the second half...
...MIND) have discovered that the plaques associated with Alzheimer’s disease may affect a type of nervous system cell called an astrocyte, providing new insight into the far-reaching effects of the disease as well as possible therapeutic targets. Astrocytes are star-shaped cells that make up almost half the volume of the brain, and were traditionally thought to be support cells. It is now known that they can transmit signals through transient increases in calcium levels. “Astrocytes are often thought to play second fiddle to neurons but they play an ever increasing role...