Word: droppingly
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...other big news in the announcement. The FOMC left the door wide open for even more rate cuts, which would bring us into uncharted territory. The federal-funds target rate previously bottomed out at 1% from June 2003 to June 2004. The actual federal-funds rate did drop below 1% a few times in the 1950s, but that was another era - an era when the Fed didn't announce interest-rate targets, banks completely dominated the financial system and the U.S. completely dominated the global economy, and there was no such thing as a money-market fund...
...chairman - Bernanke gave a now somewhat infamous speech about what central banks could do to fend off deflation even after short-term interest rates hit zero. The Fed could target longer-term interest rates, he argued. It could buy private securities, not just Treasuries. It could, figuratively speaking, drop money out of helicopters...
...much tinier apparel to complete your collection. As much as I support the fine institution that I am lucky enough to call my school, I am also proud to have spent a total of zero dineros on Harvard paraphernalia. I already know what my school is, so why drop the H-bomb with a gigantic crimson “HARVARD” written across my chest? Props for discretion though. And what I really don’t need is “HARVARD” emblazoned in gold on my tote bag, down my leg, and on...um...other...
...also part of FM’s Fast Fashion Challenge. Her many other commitments for the day leave her with only one and a half hours to buy her materials and make some serious progress on her Bill Gates (initially class of 1977, although subsequent drop-out) inspired design. She is enthusiastically tearing apart the seams of a large men’s oxford shirt when I meet her in front of Boylston Hall. We walk to Micro Center in the hopes that Burruss will find a few Gates-worthy embellishments to add to the halter dress she plans...
...then came Black Monday. As soon as the opening bell rang on Oct. 28, prices began to drop. Huge blocks of shares changed hands, as previously impregnable companies like U.S. Steel and General Electric began to tumble. By the end of the day, the Dow had dropped 13%. So many shares changed hands that day that traders didn't have time to record them all. They worked into the night, sleeping in their offices or on the floor, trying to catch up to be ready for October...