Word: march
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Dates: during 2000-2009
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...took over the East London club earlier this week, after its Icelandic owner and chairman Bjorgolfur Gudmundsson lost his trousers in the credit crunch. Iceland's Straumur Bank, CB Holding's major shareholder, is itself in the midst of restructuring after being bailed out by the Icelandic government in March. In Spain, once mighty Valencia is effectively controlled these days by local lender Bancaja, its major creditor, after hapless management and a soured stadium-development plan left the club about $725 million in debt. (See pictures of the global financial crisis...
...over with at least 10 years of service--were given a 45-day consideration period during which they could decide to accept the incentive, followed by a 7-day period during which they could reconsider. The first wave began on Feb. 17, and the second began on March 16.Galvin said that in addition to Harvard's normal pension benefits, staff members who accepted the buyout packages received a one-time retirement lump-sum payment equal to one year's annual salary, a "bridge benefit" of $750 per month until Social Security eligibility at age 62, and a waiver...
...quarter ended March 31, retail sales of grand pianos were down 18.6%, according to the Music Trades magazine, and school-music product sales fell 6.5%. Nonstring instruments, from trombones and tubas to flutes and pianos, tend not to attract investment dollars because they diminish in value with wear and tear and age. Well-maintained string instruments are distinct - like wine - in that they appreciate with age as wood mellows and tonal qualities mature...
...hand with their not spending money on as many new things. In April, outstanding consumer credit - which includes credit cards, auto loans and tuition-financing but not mortgages - fell by $15.7 billion to $2.52 trillion, an annualized drop of 7.4% and the second largest dollar drop on record, after March's $16.6 billion decline. Numbers from April show that people are now saving 5.7% of their disposable income, the highest rate in 14 years. Second, people are shirking their obligations. According to the Mortgage Bankers Association, one in eight U.S. mortgages is now in either delinquency or default. Banks...
...White House has already urged North Korea to release them "on humanitarian grounds." Sources knowledgeable about North Korean politics and prisons say Pyongyang will not allow the high-profile prisoners to starve to death, die of disease or endure torture. Small comfort. In any case, since their detention in March, the journalists have been visited by representatives of Sweden's embassy in Pyongyang, and over the weekend, some news outlets reported that former U.S. Vice President Gore may also be trying to go to North Korea on their behalf. How quickly those outside influences will make their way inside North...