Word: effective
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Dates: during 2000-2009
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...ratings agencies themselves - Moody's, Standard & Poor's and Fitch - have nowhere to hide. Their CEOs took a royal lashing from Congress in October, and in April new regulations will go into effect, largely to address what is often painted as the Achilles heel of the ratings system: companies typically pay to have their own debt rated, therefore creating a massive conflict of interest for the ratings agencies, which want to hold onto that business. (See "How to Know When the Economy Is Turning Up".) Favorably rating structured finance products - including Frankenstein creations like synthetic collateralized debt obligations - became...
...near term, the Nano will have little effect on Tata Motors' revenue, adding just 3% to sales, analysts estimate. It will have even less impact on the company's ailing bottom line, because the Nano's profit margin is tiny, says Vaishali Jajoo, a senior automotive-research analyst at Angel Broking, an investment firm in Mumbai. "It will take at least four to five years to break even" and recoup the company's development costs, she says. There's more profit to be made from fully equipped Nanos with air-conditioning, power windows and upholstered seats, which cost about...
...hostility underscores his domestic political intention. Previous diplomatic initiatives from Iran's leaders suggest that they don't seriously imagine that Washington will alter its support for Israel, but Khamenei, by citing one of the ideological pillars of the Islamic Revolution (hostility to "the Zionist regime"), was in effect admonishing Iranian leaders to keep the U.S. at arm's length. (The Supreme Leader's efforts to discredit the U.S. initiative by invoking Washington's ties with Israel could have been helped by Israeli President Shimon Peres' issuing a scolding New Year's message of his own to Iran's people...
...What effect do newspaper closings really have on a town? Or a nation? Depending on a person's reading habits, the answers to these questions range from "It's the death of democracy!" to "Newspapers? What newspapers?" But with the demise of two major metropolitan dailies, the 149-year-old Rocky Mountain News and the almost equally venerable 145-year-old Seattle Post-Intelligencer in the last month alone, the issue is becoming a matter of practical rather than just theoretical concern. (See the 10 Most Endangered Newspapers in America...
While Schulhofer-Wohl is at pains to point out that the study is not definitive and took place during what was an atypical election year, he also said that he and Garrido controlled for the Obama effect. "To the extent that we can extrapolate, we can say that local coverage is something the newspapers uniquely provide," he says, "and when people don't have it, they're much less engaged...