Word: drops
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Dates: during 2000-2009
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Uncle Sam has a new name on Wall Street - Sugar Daddy. Bonuses for investment bankers and traders are projected to fall 40% this year. But analysts, compensation consultants and recruiters say the drop would be much more severe, perhaps as much as 70%, were it not for the government's efforts to prop up financial firms. "Year-end pay on Wall Street will be higher than it would have been had it not been for the government and mergers," says Alan Johnson, a leading compensation consultant. "You would expect it to be down much more...
...Pass to wide-open Peacock in the end zone gets dropped. How the heck do you drop a pass that open?! Sets up field goal...
...nickname he uses for his grandmother, Madelyn Dunham. It's short for tutu, the Hawaiian term for grandmother. And, to the islanders, it means that even though Obama may be the U.S. senator from Illinois, he really is at heart a Honolulu-born, son of Hawai'i who will drop anything to care for his family, says another Hawaii-born politician, Democratic state Sen. Clayton Hee. "It is all at once a message to the world," says Hee, a Native Hawaiian who has served as the chairman of the state Office of Hawaiian Affairs. "It is an identity...
...longer term issue with long-term demand destruction." In the short term, there's simple math. The average driver goes about 12,000 miles a year at 20 miles per gallon, says Ken Medlock, an Energy Fellow at the Baker Institute at Rice University in Houston, Texas. If gasoline drops $1.50 the $900 that Joe Average Driver saves would amount to a big stimulus package. According to Ed Leamer, director of the UCLA's Anderson Forecast, the current price slide could drop another $200-to-$250 billion into consumers' pockets, given that as of the second quarter personal spending...
Several oil analysts - who predicted earlier this year that oil would reach $200 by year's end - have recently said that oil could drop to $50 a barrel. Merrill's Blanch had oil pegged at $90/bbl for 2008 last month, but he can easily see $50/bbl if there's a global recession. That could be more welcome news for drivers next year. "That's where you could see people use that disposable income to do things like go on vacation," says Medlock. That's assuming they have a job to get away from. But one thing low oil prices...