Word: dipped
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Dates: during 2000-2009
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Even oil- and gas-rich states are panicking. In Alaska, for instance, sinking oil prices have some state legislators scrambling to lock in education budgets for the next few years as the state prepares to dip into its savings to cover a shortfall of approximately $1.65 billion this year and up to $3 billion next year. In Montana, which earned big bucks last year from its natural resources, education is funded primarily through property taxes, and many fear that the closing of mines and aluminum plants could trigger a mass exodus and redistribute the tax base. "It doesn't look...
...Harvard Economics had its two junior faculty searches cut to one during the hiring slow-down, and—with FAS money tight—was forced to dip into its own departmental reserves to pay for the search...
...brutal time in retail - sales dropped 2.7% in December, the sixth straight month of declines, and 0.1% for 2008, the first annual dip on government records dating back to 1992. It was the worst holiday shopping season in 40 years. Name outlets like Circuit City and Linens 'n Things have gone bankrupt. Who's next? Predicting which companies will go under is a notoriously tricky business, and we won't try that. But here are five struggling retailers whose futures are definitely cloudy, with a look at how they hope to survive. (See the top 10 financial collapses...
...until that evening that a nurse thought to dip a testing strip into Sam's urine and they finally got a diagnosis. The boy's body was flooded with sugar; he had Type 1 diabetes. Then, as now, the disease had no cure, and patients like Sam need to perform for themselves the duties their pancreas cannot - keeping track of how much glucose they consume and relying on an insulin pump to break down the sugars when their levels climb too high. The diagnosis changed not only Sam's life but the lives of his parents and older sister Emma...
...rules, a retailer now has only 210 days after filing for Chapter 11 to accept or reject its existing lease agreements (pre-2005, the companies could liberally extend a 60-day time limitation). Clearance sales typically give the bankrupt company a cash infusion to help pay off the DIP loans. But if a company can't reorganize in 210 days, and is forced to cancel its leases, it won't have a place to sell its goods. No sale means no cash, and the banks will be stuck with toxic debt. Faced with this tight time frame, the banks might...