Word: crunchingly
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...credit crunch had surfaced several months before the stock-market crash, when commercial banks with combined deposits of more than $80 million suspended payments. It reached critical mass in late 1930, when 608 banks failed - among them the Bank of the United States, which accounted for about a third of the total deposits lost. (The failure of merger talks that might have saved the bank was another critical moment in the history of the Depression...
...obvious difference between then and now is that Fed Chairman Ben Bernanke has learned from history - not surprising, given that he once studied the Great Depression intensively. Since the onset of the credit crunch in August 2007, Bernanke has repeatedly cut the federal-funds rate from 5.25% down to an effective rate at one point last week of about 0.25%. He has pumped money into the financial system through a variety of channels: in all, about $1.1 trillion over the past 13 months...
...tool--or, yes, weapon--works better when the user has training. Hence the lessons. Crunch introduced its Stiletto Strength classes to New York City in 2006 and now offers them in Los Angeles, San Francisco and Chicago. "It's one of our most popular classes," says Donna Cyrus, Crunch's senior VP of programming. Legworks, which offers the workshop I went to in Manhattan, has a growing fan base. The Los Angeles high-end shoe store Il Primo Passo holds high-heel-walking classes, taught by a drag queen, of course, on a monthly basis...
...share the outlook of the article that, barring an economic miracle, his party will win the next British general election. The Conservative Party of Margaret Thatcher and John Major was torn apart by infighting, much like the Labour government is today. Families across many classes are feeling the credit crunch, and people will not tolerate the self-centered government of Gordon Brown while people suffer huge increases in the cost of living. The government of Major lost because of infighting. History is repeating itself. David Cameron could be what Britain needs, a confident and natural Prime Minister in the style...
Does that mean you're feeling the credit crunch? Maybe not. But it might be an indication that the cracks on Main Street are spreading...