Word: downwardly
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Continuing a five-year downward trend in the number of transfer students at the College, Harvard did not accept any transfer applicants for spring 2003, cutting the total number of accepted transfers for 2002-03 by about 35 percent from last year, according to Transfer and Visiting Student Programs Coordinator Julia...
...sense of tremendous energy, like being on a locomotive track with a train coming at you." Something big comes through one wall at Genelle and Rosa and pushes them back. They fall, but Rosa recovers her footing. Genelle stays on the floor and starts to crawl downward. All this happens quickly, but there is time for them to separate. Rosa moves as if she is headed back up the stairs...
...other reason for my optimism is the big advantage we enjoy over the Anasazi and other past societies: the power of the media. When the Anasazi were collapsing in the U.S. Southwest, they had no idea that Easter Island was also on a downward spiral thousands of miles away, or that Mycenaean Greece had collapsed 2,400 years earlier. But we know from the media what is happening all around the world, and we know from archaeologists what happened in the past. We can learn from that understanding of remote places and times; the Anasazi didn't have that option...
After a final push downward last October, most rates bounced back so quickly that many consumers couldn't seize the moment. Now rates are even lower than they were last autumn, and they may be headed lower still. Lehman Bros., Goldman Sachs and Deutsche Bank all predict that the benchmark short-term federal-funds target rate--at just 1.75%--will go to 1% by the end of the year as Fed Chairman "Sir" Alan Greenspan (soon to be knighted for his role in the global economy) dons armor against the double-dip recession dragon. A quarter-point cut could come...
...Argentina's economic collapse. Last week, the IMF doubled up, putting together a $30 billion rescue package to both stabilize the troubled Brazilian economy and boost international faith in the rest of Latin America. The IMF hopes the package - its largest-ever in dollar terms - will break Brazil's downward spiral of plummeting currency values, rising debt and poor growth prospects. Crucially, the package has the support of the main political parties set to contest October's elections in Brazil. Under its terms, Brazil must maintain a budget surplus of 3.75% of gdp: if the winner of the election does...