Word: annualized
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Business investment fell at a staggering 38% annual rate in the first quarter - the worst such performance since the government began keeping quarterly records in 1947. That can't go on forever, and much of the recent talk of green shoots has to do with indications that business spending is at least starting to stabilize. Investment in housing was also down 38%, the sharpest drop since 1980, and there, too, optimists have found early signs of stabilization. It's not unreasonable to think that, sometime in the next few quarters or even months, business and housing will stop dragging...
...cutbacks published on the FAS Web site amount to $77 million in projected savings—a third of the total $220 million projected annual deficit that FAS administrators hope to close by July 2011. The cuts will be made over the next several months...
...said they believe that limited breakfast options will almost certainly affect their performance on the water. “If Harvard doesn’t win at Harvard-Yale next year, we’ll know why,” Walker said, referring to the annual regatta. Gabard-Durnam added, “Yale has breakfast.” —Staff writer William N. White can be reached at wwhite@fas.harvard.edu...
...fairness, corn ethanol was already pretty much a done deal; Congress demanded 15 billion gallons in annual production by 2022, and the industry is already almost there. That is why the real stress tests that mattered were the ones concerning biofuels of the future like cellulosic ethanol grown from switchgrass - which has not been proven commercially viable but has been hailed as a kind of magic weed. Once again, the EPA used rosy life-cycle assumptions to conclude that next-generation biofuels will reduce billions of tons of emissions over the next century, ultimately reducing our oil consumption...
Lowell threw open it's magnificent wears for its annual Bacchanalia. Was it as wild enough to deserve the name of Bacchus...