Word: feds
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Dates: during 2000-2009
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...involved more than the moving of great steam-powered digging machines. The most difficult task was quickly establishing what amounted to a brand new nation. Cities had to be built, diseases had to be eradicated, and thousands upon thousands of workers had to be shipped in, and housed, and fed, and entertained, and jailed, and cared for, and buried when that caring for failed. Greene sees the Canal Zone as a melting pot whose constituent pieces never quite came together; her book explores the racial and economic conflicts that arose as a result. It's a purposefully different sort...
...They’re not going to back down, they’re going to keep coming at us. And everybody knew that, so it was just a matter of responding.”The team’s opening came on the power play, when senior Kati Vaughn fed tri-captain Sarah Vaillancourt a pass in the Harvard end. Vaillancourt drove up the ice, slipped between two Clarkson defenders, and deposited the puck in the low left corner.In the last two minutes of the first period, sophomore Liza Ryabkina would add a goal of her own. Katharine Chute found...
...joblessness hits its peak. This inflection comes when the rate of the increase in firings begins to slow. The most important moment in a downturn comes not when the damaging contraction's momentum has come to rest but when its progress has begun to slow. (See pictures of former Fed Chairman Alan Greenspan...
Normally in economic cycles, stocks bottom several months before an economic recovery gets underway. Investors' hope for such a turn was surely dampened by the Federal Reserve's new reading on the economy. Details of a meeting of Fed officials in late January reveal that they expect the economy to contract this year as much as 1.3%, a sharp downgrade from their expectation for modest growth in 2009, expressed last fall. The Fed also said that unemployment could reach 9% by the end of the year...
...Fed Chairman Ben Bernanke appeared Wednesday at the National Press Club and said that the federal effort to address the financial crisis could produce improvements in 2009. But he also cautioned that there was no economic momentum, and that inadequate federal action could result in a continued deterioration in the economy. (Find out why the stock market keeps dropping...