Word: fourth
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Dates: during 2000-2009
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...chances that many firms will have to make a second set of cuts in the third and fourth quarter will be exacerbated by the fact no part of the stimulus package will put a penny into the market before mid-year. The legislation for putting $800 billion or so into the economy may not be signed into law until the end of this month. Most of that money will leach into the soil of the American enterprise system slowly. Almost no one is looking for a turn in GDP before early...
...that more than 100,000 Israeli Arabs, against their will, would become part of a future Palestinian state. Lieberman's Yisrael Beitenu party is expected to garner 18 to 19 seats, bumping the venerable old Labor party, headed by ex-premier and current defense minister Ehud Barak, 66, into fourth place. As for the rest of the 120-seat Knesset, according to the latest polls, Likud is expected to win 25 to 27 seats there; Kadima 23 to 25 seats...
...fourth of Israel's 5.2 million voters are still undecided, but if Tuesday's results mirror the earlier polls, Netanyahu is likely to lead a rightwing coalition cobbled together with Lieberman's party, along with the ultra-religious and nationalist parties, all of which oppose giving up land to the Palestinians for a future state, a solution pushed by the U.S. and the international community...
...ConocoPhillips (COP) is another company that is firing 4% of its staff. Oil prices are down, but the company is hardly likely to have staffed up for $140 crude. Although revenue at the company fell in in the fourth quarter, for the year COP sales increased to $281 billion from $187 billion in 2007. Profits for 2008 were more than $16 billion...
Harry Holzer, an economist at Georgetown University and the Urban Institute, also sees troubling news in the fact that the fourth quarter's measure of gross domestic product (GDP), or the value of all the goods and services the economy churns out, wasn't nearly as bad as economists had thought it would be: down an annualized 3.8%, compared with a predicted drop of 5.4%, according to a Reuters poll. Companies are still producing, Holzer explains, but since no one is buying, inventories are piling up. With a backlog of goods, firms will need fewer workers to keep making more...