Word: froze
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Dates: during 2000-2009
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...soon thereafter. December began with the announcement that Harvard's endowment had dropped an unprecedented 22 percent—or $8 billion—and likely lost more when accounting for updated asset prices. The Faculty of Arts and Sciences halted most staff hiring in late November and then froze Faculty wages and put 70 percent of ongoing tenure searches on hold shortly after the endowment announcement. The Medical School and the Kennedy School cut their budgets as well, and even holiday cheer fell prey to the fiscal chill...
...current predicament, for many of the reasons you cite, the U.S. Treasury and Federal Reserve have unclean hands as well. Each of the car companies had adequate capital entering the fall, but when Treasury and the Fed "brought down the house" by letting Lehman Brothers fail, worldwide credit markets froze, preventing Americans from buying cars. Financial markets and the lack of available consumer credit - not a lack of appealing car designs - are the reasons for this crisis, and piling the blame on Detroit is simply not balanced. Steven M. Friedman, NEW YORK CITY...
...simply a question of who foots the bill or which companies get the contracts. Iraq's rebuilding efforts are being hamstrung by sclerotic administrative procedures that are in desperate need of modernization, after decades of inefficient centralized control, corruption, cronyism, wars and sanctions. "It's almost as if Saddam froze the clocks, froze the calendars in 1980, and nothing moved," says Terrence L. Barnich, a senior U.S. adviser for law, policy and regulatory affairs in the Iraq Transition Assistance Office. The result, Barnich says, is a generation of managers and technocrats cut off from how business is done...
...automobile companies have some responsibility for their current predicament, the U.S. Treasury and Federal Reserve have unclean hands as well. Each of the car companies had adequate capital entering the fall, but when Treasury and the Fed "brought down the house" by letting Lehman Brothers fail, worldwide credit markets froze, preventing Americans from buying cars, since most people use loans or leases to do so. Financial markets and the lack of available consumer credit - not a lack of appealing car designs - are the reasons for this crisis, and piling the blame on Detroit is simply not balanced. Steven M. Friedman...
...current predicament, for many of the reasons you cite, the U.S. Treasury and Federal Reserve have unclean hands as well. Each of the car companies had adequate capital entering the fall, but when Treasury and the Fed "brought down the house" by letting Lehman Brothers fail, worldwide credit markets froze, preventing Americans from buying cars, since most people use loans or leases to do so. Financial markets and the lack of available consumer credit--not a lack of appealing car designs--are the reasons for this crisis, and piling the blame on Detroit is simply not balanced. Steven M. Friedman...