Word: marching
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Dates: during 2000-2009
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...After a bleak January, during which nearly a dozen shows closed (including former hits like Hairspray and Spring Awakening), things are looking improbably bright on Broadway this spring, at least judging by the number of openings. No fewer than 20 new shows will have premiered between the first of March and the end of April, bringing the total number of new productions for the 2008-09 season to 43 - more than in either of the past two seasons...
...Until now. As the world reels from the worst recession since the 1930s - a recession triggered by faulty U.S. economic stewardship - a vociferous chorus of critics is calling for a coup to topple King Dollar. In late March, Zhou Xiaochuan, the governor of China's central bank, said the global economy would be better off with a "supersovereign" reserve currency, in place of one issued by a specific nation - in other words, the dollar. "The frequency and increasing intensity of financial crises," Zhou said, "suggests the costs of such a system to the world may have exceeded its benefits." Zhou...
...financial system. Desperate for cash, U.S. financial institutions have been liquidating foreign assets and repatriating the funds, pushing up the value of the dollar. As that process plays out, a key support of the dollar's value could be removed. Currency markets are clearly jittery. In late March, U.S. Treasury Secretary Timothy Geithner sent the dollar tumbling when he said he was "actually quite open" to China's proposal for a greater role for SDRs. The dollar lost 1.3% against the euro within 10 minutes of Geithner's unexpected comment. (The greenback recovered a short time later, after Geithner said...
...joblessness level reached 8.5% at in March because the number of people pushed out of work last month rose 663,000. Each time another 1.7 million people lose their jobs, the unemployment rate moves up another 1%, so if 2.6 million more Americans are fired, the jobless rate will hit 10%. At the current rate at which the economy is shedding workers the 10% level will be reached by the end of July. The counterargument to picking a date only four months from now is that the rate at which people are losing jobs will decelerate. Of course, there...
Madoff, in jail since March 12, awaits sentencing for his masterminding of the decades-long crime, a billion-dollar Ponzi empire built at least half on the backs of feeder funds like Merkin's and one charged last week, Fairfield Greenwich Group, with a civil complaint by William F. Galvin, Massachusetts Secretary of State...