Word: crunchingly
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...this be avoided? You have to have a set of concerted, coherent policies done not just by the U.S. but by Europe, Japan, China and everyone else. The credit crunch is just massive. One thing that's needed is much more aggressive monetary easing. The second dimension is that you need much more fiscal stimulus - in the countries that can afford it - that is front-loaded. The U.S. [stimulus package] is $800 billion, but only $200 billion is front-loaded. Of that $200 billion [in stimulus] this year, half of it is tax cuts. That's going...
...Space constraints threaten the democratic nature of the House system today. The “unprecedented” housing crunch, as Dean of Admissions and Financial Aid William R. Fitzsimmons ’67 termed it, has resulted in a ban on transfer admissions for the next two years. Not only does this limit a potential source of diversity and peer learning for undergraduates, but it also drives House occupants away from their cramped quarters to decamp in inevitably less microcosmic facilities, like student organizations, final clubs, and off-campus venues...
...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...