Word: crunching
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Dates: during 2000-2009
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...minutes to go in the game, senior Katie Rollins took her second layup of the second half to give the Crimson a one-point lead. An vengeful Cornell team responded with two three-pointers, but Harvard remained relaxed and controlled.“Our team is very good at crunch time, and that is kind of our weakness too,” co-captain Emily Tay said. “We wait until the final 10 minutes until we get a spark, and that’s when we know we have to play well. It was crunch time when...
Dramatic action in the banking industry is crucial, since the effects of the $787 billion American Recovery and Reinvestment Act will be strongly diminished if the credit crunch continues. The weeks spent debating the merits and drawbacks of the stimulus plan cannot go to waste. In an ordinary recession, the Federal Reserve could cut interest rates to get credit flowing, sparking the economy. However, in the words of our president in an interview with ABC News, “…we are in not just an ordinary recession.” With the target for the Federal Funds...
...hardly unique. This year, hundreds of Harvard students hoping to enter the finance industry are facing the most difficult career and internship marketplace in decades, as the firms remaining on Wall St. are shrinking their workforce and turning away even the most qualified applicants. Signs of the new crunch are not hard to come by, especially for young job-hunters immersed in the recruiting process.Kayley E. Laren ’09, the chief investment officer for Smart Women Securities—a student group dedicated to investment education—said that many firms are not looking to hire much...
...government-insured mortgages from Canada's major banks, bringing the total since the program was announced late last year to C$125 billion. Indeed the country's minority Conservative government has staked its political fortunes on the so-called Extraordinary Financing Framework (EFF), intended to counter the credit crunch by providing up to C$200 billion in credit for consumers and businesses. (Read "Canada Faces Recession - and a Political Crisis...
...sure, Shangri-La is dealing with setbacks due to the credit crunch. In the Chinese gambling enclave of Macau, Shangri-La was scheduled to open two hotels along the city's nascent Cotai Strip this year, but casino operator Las Vegas Sands failed to raise the necessary funds and the entire project is on hold. In the U.S., a 223-room hotel in Chicago, due to open in 2011 in Waterview Tower, is also stalled due to the developer's financing difficulties...