Word: fractionalized
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Dates: during 2000-2009
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Lawrence Summers, director of the White House's National Economic Council, said last week that the stimulus bill was on track. This past weekend, the President rejected calls for a second stimulus package, saying the current stimulus needs more time to work, since only a small fraction of the money has been spent. From the beginning, the Administration has said that much of the boost to the economy from the stimulus plan would not come until the second half of this year. Administration officials have also insisted that it's unfair to judge the effectiveness of the stimulus by projections...
...players in the energy markets: Citigroup, through its Phibro commodities-trading subsidiary, and Goldman Sachs, through its energy-trading desk. Banks are most likely playing a key role in the current run by putting the bailout money to good use: to continue the bid for oil. Again, just a fraction of the bailout is enough to corner the market and rig the price of crude - not that any of these players would dare...
...Kennedy School drew a quarter of its operating budget from its endowment—roughly the same fraction seen at the Medical School but only half of that seen at the Faculty of Arts and Sciences. As of June 30 last year, the Kennedy School's endowment stood at $1.1 billion, although University administrators have for months projected a 30 percent decline in Harvard's total endowment over the course of this fiscal year. Current use gifts compose another 20 percent of the Kennedy School's budget—the largest amount at all of Harvard's schools, with...
...black for some publishers. "That's the detonation point," says Dennis Johnson, publisher of the prominent small press Melville House. "Because nobody can make a book that sells for $9.99." Yes, you save on printing and shipping, he says, but that's only a small fraction of what it costs to make a book. (See the top 10 gadgets...
...More important, an unarmed popular movement can topple an authoritarian regime only if the security forces switch sides or stay neutral. But Iran's key security forces - the élite Revolutionary Guards Corps and the Basij militia - are bastions of support for Ahmadinejad. And they have used hardly a fraction of their repressive power. Also, while the opposition draws far larger crowds, there are still millions of Iranians strongly backing Ahmadinejad. So even if the government is unable to destroy the opposition, it's unlikely that the opposition will be in a position to destroy the government. (See pictures...