Word: contraction
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Dates: during 2000-2009
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...money like it had not seen in many years. The Los Angeles Dodgers garishly flaunted such largesse after that season by giving Kevin Brown, a pitcher soon to turn 34 years old, an age when players traditionally had neared retirement as their bodies gave out, a seven-year contract worth $105 million, sweetening the deal with private jet service back and forth from his Georgia home...
...Will Washington appreciate the help or view it as an attempt at business gain from American military pain? "They don't have any choice, because the business world doesn't quibble with concerns of woulds, shoulds or oughts, but rather who gets the signature on the contract first," says Philippe Moreau Defarges, a senior fellow on international relations at the French Institute on Foreign Relations in Paris. "Tragically for America, meanwhile, now that stability and order is starting to be imposed, the Iraqi leadership is increasingly defining and evolving itself in opposition to what the U.S. wants or demands. That...
...about PC and cell phone sales begins to trickle out company-by-company, it is becoming clear that a $199 handset or a $999 PC are not on the consumer's shopping list. Nokia (NOK), which has 40% of the world's handset market reported that global sales would contract in 2009. That is unheard of. It means that fewer people are upgrading old phones in developed markets and fewer people are buying a first phone in developing countries...
...economic cycles, stocks bottom several months before an economic recovery gets underway. Investors' hope for such a turn was surely dampened by the Federal Reserve's new reading on the economy. Details of a meeting of Fed officials in late January reveal that they expect the economy to contract this year as much as 1.3%, a sharp downgrade from their expectation for modest growth in 2009, expressed last fall. The Fed also said that unemployment could reach 9% by the end of the year...
...nuclear physicist who studied at the University of Chicago under Enrico Fermi, Cover worked as a contract scientist on NASA's Apollo moon program. It was during this period in the 1960s--an era of civil unrest, airplane hijackings and urban violence--that he began to ponder the need for a nonlethal weapon...