Word: drops
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Dates: during 2000-2009
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...year, as the cost of everything from oil to milk and cereal has risen. That trend is now changing as the global economy falters. Inflation leaped to a 16-year high in the U.K. in September, but elsewhere in Europe it has slowed, and economists say it should also drop back in Britain. Still, by borrowing huge amounts of cash to inject into the financial system, governments could create a medium-term inflation problem of their own. What's tricky is that the alternative is also a serious possibility: if household spending and business investment drop sharply and exports...
...nation European Union. The E.U. with its 490 million population has also been an ever larger consumer of goods and services from Asia; last year it imported about $1 trillion worth from emerging markets alone, and China is its biggest supplier. With the U.S. economy also expected to drop off, it'll be up to Asia to generate its own growth for a while...
This grim outlook presents some particularly tricky challenges to those in charge. In previous downturns, such as the early 1990s slump, governments typically ramped up state spending in order to offset the drop in business activity. But this time, the gigantic cost of bank bailouts will leave national treasuries with little room for maneuver. Indeed, the bailout plans - under which stricken banks will receive direct injections of taxpayer money to strengthen their capital base, while governments provide guarantees aimed at getting banks to lend to one another again - may well throw government finances seriously out of kilter...
...best for one person won’t be best for another,” Lewis said in a written statement. “So I approve of transparency, but tend not to assign to much significance to one-dimensional rankings,” U.K. schools saw a widespread drop in rankings this year, with top universities Cambridge and Oxford falling behind Yale to third and fourth place. Higher education observers in England worry that their universities will continue to fall behind American peers due to their comparative poverty. Oxford’s endownment stands at a fifth the size...
...into a "mad frenzy," he says, holding his breath until he passed out and fell to the floor. A Navy doctor offered a prescription: whenever McCain erupted, his mother would shout to his father, "Get the water!" Then his parents would fill a bathtub with cold water and drop their fully clothed son in. "Eventually," McCain recalls in his memoirs, "I achieved a satisfactory (if only temporary) control over my emotions...