Word: crunched
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Antonietti vented to a friend, who told her story to Columbia Business School student and entrepreneur Michael Kopko. Eight months later, Kopko has launched a website he hopes can help college and graduate students who are feeling the loan crunch as well as kids as young as middle schoolers. On GradeFund.com, students can upload their transcripts each semester and earn money for every A. More than 750 students have signed up since the site went live Nov. 15, and the number is growing fast. (See pictures of the evolution of the college dorm...
Today is Cyber Monday, the day for shoppers to surf the Web for special deals. As more people feel comfortable making purchases online, Web retailers expect to draw a rising share of holiday purchases. But with the credit crunch and financial meltdown contributing to the massive pullback in spending, will Cyber Monday be an Internet boom or bust? "I would say bust," says Jon Vincent, founder of BlackFriday.info, an online-deal site. Analyst Ken Cassar of Nielsen Online is little more optimistic. "Cyber Monday will likely be disappointing," he says...
...What They're Drinking in Russia: Russians have had a taste for vodka since the Czars, but consumers are cutting back amid the global financial crunch. Even though manufacturers slashed vodka production 15% because of slumping demand, stores are saddled with some 22 million gallons of unsold spirits--six times their inventory of a year ago, according to an industry group. Meanwhile, alcohol-poisoning fatalities are on the rise, reportedly as drinkers turn to cheap, homemade liquor instead...
...year). That's on par with Harvard, where tuition accounts for about 20% of the school's revenue - but there, a multibillion-dollar endowment makes up the difference. On average, tuition covers about half of total educational costs at public universities. (Read about colleges getting hit by the credit crunch...
...deterioration of the global economy in the wake of the ongoing U.S. housing bust and subsequent credit crunch is accelerating at a frightening pace. In the U.S., nothing captures the concussive force of the downturn better than the Consumer Price Index released Wednesday, which showed prices falling 1% in October after being flat in September. Suddenly, the prospect of outright deflation in the U.S. - and all the risks that entails - is a clear and present danger. "With the unemployment lines growing ever longer, there is a genuine risk that the U.S. economy could fall into a corrosive deflationary phase," says...