Word: crunching
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Dates: during 2000-2009
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...families that live in public shelters will have to turn over a portion of their earnings, in some cases as much as 50%, to cover costs. About 2,000 of the 9,000 families living in homeless shelters will be affected as the city grapples with a major budget crunch...
...Already, the effort to repay TARP is boosting the cost of borrowing for some banks. That's because banks have to regularly issue bonds in order to have money to make loans and underwrite securities. This became much harder to do during the credit crunch, so the government began allowing banks to offer bonds that are insured by the Federal Deposit Insurance Corp. (FDIC). With the government's backing, banks were able to raise money. (See 25 people to blame for the financial crisis...
Such is the danger of the analogy-packed way we choose to discuss the economy. We talk of the housing "bubble," of stocks "skyrocketing" and "cratering," of the credit "crunch," of the possibility of "zombie" banks. These are not rigorous terms. And yet through them we view the world - often in imprecise, flawed ways that don't even necessarily carry the same imprecise, flawed meanings from person to person. From there we make some pretty hard-core decisions. If we hadn't so consistently been talking about the potential for financial "collapse" or economic "free fall" late last year, maybe...
...editor-at-large of the Oxford English Dictionary (OED), Jesse Sheidlower has a bird's-eye view of how words do - or don't - make their way into the book that defines the English language. The past year has seen such additions as subprime and credit crunch. Those words had been around for quite some time, but it took a while for the OED to give them their own entries. "We're not going to just put in buzzwords," says Sheidlower. "We're not going to put in something that will go away three months from now." Which is perhaps...
...October, short over half the money required to go to press due to a nationwide crunch in advertising, the recently-revived publication faced the possibility of being unable to print its magazine...