Word: deeps
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...Federal Reserve cut its benchmark interest rate by 50 basis points to 1% on Wednesday, continuing an aggressive effort to fend off a deep recession. The rate now stands at the lowest level since 2004 - and central bankers signaled that they may resort to more cuts in the months ahead...
Gerard Damiano, who went by the name Jerry Gerard, effectively launched the 1970s porn-movie craze with his first feature, Deep Throat, in which the leading lady had a special talent all her own. Despite producer worries that the term was too obscure, Damiano replied, "Deep Throat will become a household word." With a budget of about $25,000 (provided by the son of a mobster) and a six-day shooting schedule, the film went on to earn tens of millions of dollars and a notorious spot in film history...
While Mankiw said that he supports McCain’s economic policies over Obama’s overall, he had previously declined to sign an open letter saying that Obama’s “proposals run a high risk of throwing the economy into a deep recession.” In a post on his blog, Mankiw said that the language of the letter—which was signed by five Harvard economists—“was a tad too hyperbolic for my tastes...
...whether it's Barack Obama or John McCain, will take the helm amid a maelstrom. Testifying before Congress, former chairman of the Federal Reserve Alan Greenspan - not known for his colorful public statements - professed "shocked disbelief" at the "tsunami" that has plunged global finance into disarray. He predicted a deep recession that will cost jobs and devastate balance sheets across the economy - "much broader than anything I could have imagined." When the chief economic advisers to McCain and Obama met recently for a debate, they found little to agree on. But they shared the realization that the new President...
...impossible to say exactly how deep that hole will turn out to be - which makes it hard to say exactly how much of the next President's energy will have to go toward pulling us out of it. And the economy is far from the only unpredictable force the 44th President will contend with. Experts are forecasting a surge in the number of Democrats in Congress that would give Speaker of the House Nancy Pelosi and Senate majority leader Harry Reid the largest majorities either party has had since the early 1990s. This would obviously limit the options...