Word: moribundity
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This year Cambridge will spend $3000 more than the state average on every student enrolled in the city's schools. While the city has so far been able to maintain that level of spending despite cutbacks in local aid, the moribund economy and state-wide belt tightening may slice into the next school budget...
With the economy in such a moribund state, it is all the more puzzling to economists that interest rates have been creeping up in the past few weeks. The cost of a 30-year mortgage, for example, has jumped from 8.36% at the beginning of the year to 8.82% now. Economists are absolutely baffled by the recent rise in short- and long-term rates. "Whatever the reason," says David Resler, chief economist at Nomura Securities, "if the run-up in rates reflects an emerging trend, the economic recovery hoped for later this year will never develop...
...ultimate package deal, a grand compromise designed to clean up one of the world's messiest piles of financial wreckage. Bank liquidators, acting on behalf of the moribund Bank of Credit & Commerce International, marched into a crowded Manhattan courtroom last Friday and settled, in one unexpected swoop, all U.S. criminal charges outstanding against B.C.C.I. as a corporation. The bank, which in the U.S. is now essentially just a hollow shell, pleaded guilty to federal and state charges of racketeering, fraud and money laundering. The liquidators agreed to surrender virtually every penny of B.C.C.I.'s assets in the U.S., a total...
During his 15-year career at Colgate, Slater, 54, transformed the Red Raiders from a moribund, barely competitive squad into a nationally prestigious Division I hockey team. The winningest coach in Colgate hockey history, Slater compiled a 249-174-22 record, including two NCAA tournament appearances...
Without warships, Britain was perilously vulnerable to blockade or invasion. But Britannia's capacity to rule the waves, as Massie also points out, was somewhat illusory; the Royal Navy during much of Victoria's reign was largely unfit for combat. Weighed down by moribund traditions that Winston Churchill acidly defined as "rum, sodomy, and the lash," British tars were ill fed and worse led. While their social-climbing officers fopped and preened, sailors spent long days at sea scrubbing decks and polishing brightwork, or wielding cutlasses in boarding drills as if they were still in the age of sail. Meanwhile...