Word: annualized
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There are plenty of reasons to believe that small businesses aren't getting the credit they need. In the last three months of 2009, business lending at smaller banks, which tend to cater to smaller companies, was down at a 13% annual rate, according to the Federal Reserve. Not only are loans harder to come by, but they're also more expensive. That has the potential to slow down economic recovery, since firms that can't borrow often can't expand. Policymakers have responded with a number of programs to boost small-business lending, including an Obama Administration proposal...
...artist Kid Cudi will be performing at the College's fifth annual Yardfest on Sunday, April 18, the College Events Board announced today...
...Europeans have a real love-hate relationship with the two airlines, which offer some of the lowest fares around Europe, but have become infamous for their bare-bones service and exorbitant add-on fees. The numbers suggest that travelers have been happy enough to continue flying with them - their annual passenger load has increased dramatically from a combined 13 million customers in 2000 to more than 100 million today. But passenger complaints have spiked in recent years, too. Since 2005, Ryanair's complaints have increased by 70% and easyJet's are up by a third, according to a report released...
Traveling down to Maryland for Harvard’s annual spring break trip, the co-ed squad competed in its second regatta of the season last weekend, improving on its third place effort from the week before to claim the top spot at the John Jackson Team Race held at Georgetown...
...have explored every financial scenario before taking this action, but more than 80% of our budget goes to salaries and benefits, which forces today's drastic measures," said McCoy. With annual court budget deficits expected to be as high as $140 million over the next four years, court officials say up to 1,800 staff positions may be eliminated. Last year, the California judicial council instituted a one-day per month closure of all state courts as both a cost-savings. "The unintended yet inevitable symbolism of 'Closed' signs on our courthouses - institutions that embody our nation's revered democratic...