Word: fallen
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...excuse to take some money off the table. The Dow Jones industrial average, for example, had recently hit all-time highs, having gone up for five straight years as U.S. corporate profits soared. There hadn't been a single day in nearly four years in which U.S. stocks had fallen even 2%, an unusually long absence of volatility. Likewise, markets from India to Singapore to Russia had been on a historic tear. Against this backdrop, China's sudden return to earth was a reminder that risk still exists and that widespread euphoria may have led investors to lose sight...
...certainly no coincidence that this week's sudden outbreak of market jitters came on the heels of some disquieting economic data. On the same day that Shanghai stumbled, the U.S. Commerce Department reported that orders of durable goods in America - a key indicator of economic health - had fallen sharply in January. That followed an unnerving speech by someone many consider the great economic forecaster of our era, former Federal Reserve Chairman Alan Greenspan. On Feb. 26, he warned in a speech that investors couldn't rule out the possibility of a U.S. recession in 2007, noting that corporate profit margins...
...Crimson men, who had the previous weekend fallen to the eighth-ranked Princeton team, swiftly dispatched Brown and Yale, 25-2 and 18-9 respectively, but found Columbia—ranked just above them nationally, at three—more of a challenge. The Lions narrowly took the sabre and foil events, 5-4 each, but the Crimson rallied in epee, putting in a 6-3 performance to take them to a 14-13 victory overall...
...Just as important is the current slump for so-called "sub-prime" lenders - who service borrowers with damaged credit ratings, typically on the lower end of the income scale. The shares of companies that specialize in such loans has fallen as default rates have risen...
...have been critical of the expansion, questioning the value of the newly created posts. But Hyman and his staff have said this growth is due in large part to new responsibilities—such as the Allston expansion and University-wide diversity and science initiatives—that have fallen under the provost’s purview...