Word: closing
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Dates: during 2000-2009
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...mortgage credit boom of the 2000s, and economists ranging from Morgan Stanley's Stephen Roach to White House economic czar Larry Summers had been proclaiming for several years that the percentage had to come down. It has thus far stubbornly refused, with consumer spending hitting 70.7% of GDP - close to a record - in the first quarter of this year. American households have lost too much wealth and the job market is too miserable for that to keep up much longer...
...each school year approaches, the Harvard sailing team has one number on its mind: three. Three regattas, three national championships, and hopefully for the Crimson each spring, three chances to continue competing after the close of the semester...
...Although it faltered a bit at the close of the day on Saturday, the Crimson battled back throughout the day Sunday to tie Yale for second place at this weekend’s competition, qualifying for collegiate sailing’s national championship trifecta in the process...
...classmate and fellow Afghanistan vet, are confirmed by the Senate. "McKiernan did his best - he was just the wrong guy," says retired Army officer and military analyst Ralph Peters. "McChrystal will ask for more authority, not more troops." By the end of this year, the U.S. expects to have close to 70,000 troops in Afghanistan, including 21,000 ordered there by President Barack Obama. While that's just half the 130,000 troops the U.S. maintains in Iraq, Gates has been leery of sending further reinforcements. (Read TIME's two-minute bio of McChrystal...
...also be expected to challenge the Afghan government when it comes to behavior that undermines the war effort. An official with the Joint Chiefs of Staff expects McChrystal to warn President Hamid Karzai to shut down drug-running operations that fund the Taliban, even when their networks run uncomfortably close to Karzai's government. "[McChrystal] will tell him, 'If you don't clean this up, I will,' " says the official...