Word: fourth
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Dates: during 2000-2009
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...front, however, the government's actions are paying off. Total deposits in the nation's banks increased in the fourth quarter by $307.9 billion as Americans poured their money into the safety of insured bank accounts. Now the question is, When will banks start to lend...
...official: the economy really is in free fall. When the bean counters at the Commerce Department's Bureau of Economic Analysis (BEA) came out a month ago with their first estimate of how fast the economy shrank in the fourth quarter, economists and investors were surprised that it was at a mere 3.8% annual rate. Now, after some of the updates and revisions that are a standard part of the process of estimating gross domestic product (GDP), the number is a far more dramatic...
...since 1982, when the economy shrank at a 6.4% annual rate. And the BEA - which said new data on exports, consumer spending and inventories were the main causes of the dramatic change in its estimate - isn't done revising: there will be one last estimate of fourth-quarter GDP on March 26, then what are called benchmark revisions a couple of years down the road. The revision trend is clearly downward, and the 1982 mark is likely to be overtaken...
...sources of economic weakness in the fourth quarter were across the board. Consumer spending dropped at a 4.3% pace, its worst performance since 1980. Nonresidential private fixed investment - a.k.a. capital spending - fell at a 21.1% rate, the worst since 1975. Exports fell at a 23.6% annual pace, the worst since 1971. And residential investment was down at a 22.2% pace, but that's the worst only since the first quarter...
...pretty exciting to see all of the best players in one place,” said junior No. 7 Frank Cohen.Last weekend, the Crimson traveled to Princeton for the CSA Team Championships. The squad was ranked fifth headed into the tournament but finished the weekend in fourth place. In the first round, Harvard took revenge on No. 4 Cornell, a team they had lost to, 6-3, earlier in the season. This time around, the Crimson had the edge and defeated their Big Red opponents, 5-4. A loss against eventual-champion Trinity sent the Crimson into the bronze medal...