Word: grosse
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Dates: during 2000-2009
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...Jeff Immelt said that the economy was in as bad a shape as at any time since the 1974 recession. If it should get worse, he remarked, "Once you break through '74-'75, you don't stop 'til you get to 1929." At almost the same hour, Bill Gross, the undisputed king of the fixed income world and chief of investments at Pimco stated "the U.S. may slump into a 'mini depression' unless policy makers spend trillions of dollars to spur growth." He did not make the distinction between a "mini depression" and one of normal size but his comments...
...February 2010 contracts. In other words, if a company bought oil on the February 2009 contract, stored it for a year and sold it on the February 2010 contract, it would make more than $22 per barrel, excluding the costs of the operation. This represents a greater than 60% gross return! Since interest, storage and delivery costs should amount to significantly less than the $22 spread, the venture would yield a virtually riskless profit, or arbitrage. When the February contract ended trading in late January, an enormous opportunity still existed for arbitrageurs...
...time for holding grudges has passed. Simply put, the potential for economic benefits, a more stable Middle East, and—perhaps most importantly—saving American soldiers’ lives are simply too great for the US to overlook, even in the face of such a gross offense to international diplomacy. President Obama has already pledged to take America in a new direction; establishing relations with Iran would be the best way to do so, at least in the Middle East...
...freedom is unmatched, but this crisis has reminded us that without a watchful eye, the market can spin out of control - and that a nation cannot prosper long when it favors only the prosperous. The success of our economy has always depended not just on the size of our Gross Domestic Product, but on the reach of our prosperity; on our ability to extend opportunity to every willing heart - not out of charity, but because it is the surest route to our common good...
Alexander D. Wissner-Gross, a fellow at the University’s Center for Environment, found himself in the middle of an imbroglio this weekend when his study on the environmental impact of computing was used in an article by the Sunday Times—the British paper—to claim that two Google searches generate as much carbon dioxide as boiling a kettle for a cup of tea.Wissner-Gross later denied that this claim was included in his study, which he said was about web-usage in general, not Google in particular.Google is combating the Sunday Times?...