Word: marching
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Dates: during 2000-2009
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...International Auto Show in January that GM had mounted an expensive overhaul of Saturn by adding a new sedan, a new crossover and a new hybrid. Saturn sales, however, have fallen by more than 40% during the first two months of 2009, and appear to have tumbled again during March. "Everyone is hurting, but Saturn is hurting more," says one dealer. (Read TIME's 1985 article about Saturn's debut...
Ironically, what helped start the rally in mid March were upbeat words from Citigroup CEO Vikram Pandit about Citigroup's profitable performance during the first two months of 2009. Friday's stock market swoon, traders say, was partly triggered by cautious comments from Bank of America CEO Ken Lewis and JP Morgan Chase CEO Jamie Dimon, who both noted that March was proving to be a more difficult month than either January or February. As Dimon told Bloomberg TV while standing outside the White House after a group of bankers met with President Obama, "This downturn - it's pretty powerful...
Then, in an instant, everything changed. On March 12, Valdivieso received a memo explaining that the sagging national economy had forced the firm to defer his position for a year. Suddenly, with two months remaining in his law-school education, the 28-year-old found himself tantalizingly close to a degree and no place to apply...
When treasury secretary Tim Geithner rolled out his long-awaited plan for buying up toxic mortgage loans and securities on March 23, reaction was split. Financial markets cheered, with the Dow Jones industrial average rocketing 497 points, or 6.8%, on the day. The chattering classes mostly grumbled, with Princeton economist and New York Times columnist Paul Krugman gloomily leading the way: "It fills me with a sense of despair," he wrote of the plan before it was released but after many details had leaked...
...recent spike in illegal immigration by sea to the San Diego area. In the past five months, federal agents with U.S. Customs and Border Protection (CBP) have intercepted 14 boats and made 122 arrests. This year they are on pace to double their record arrest total for 2008. On March 19, a fishing boat was intercepted 33 miles (53 km) off the coast; 21 illegal immigrants were aboard, including a pregnant woman. The jump in sea crossings is mostly due to a clampdown at the land border between Tijuana and San Diego, which has become almost impassable thanks...