Word: overnighting
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...bulls, it turned out, were only taking a breather. On Thursday the interest rate on federal funds, which are reserves that banks lend to one another overnight, fell as low as 9.5% from an average of 10.27% the day before. The financial markets took this drop as a sign that the Federal Reserve Board, which influences the funds rate through the amount of money it supplies the banking system, was easing monetary policy and would allow the cost of credit to fall. That plus the good news about oil caused bond prices to surge and the stock market to stampede...
...also points to the rapid rise of women Ph.D.'s in the last two decades as an explanation. "You can't get representation overnight because you have to have vacancies in the various fields," she says...
Change is rarely sudden on the Supreme Court. Administrations may shift overnight, and with them national policy...
...rewarded American women immediately. Defense plants provided them with their first paychecks and a chance to get out of the house. Rosie the Riveter became an overnight symbol of competence and independence, though not all women finished work looking like Goldie Hawn in Swing Shift. Peggy Terry, who loaded shells at a plant in Viola, Ky., recalls that the tetryl in explosives turned skin, hair and eyeballs orange: "The only thing we worried about," she says, "was other women thinking we had dyed our hair." Evelyn Fraser, a former WAC captain in Europe, had more somber preoccupations: "The shocking thing...
...ebullient surge did not happen overnight, but in fits and starts from the mid-1970s onward. After Viet Nam and Watergate, America seemed to have lost much of its confidence and moral energy. The nation's mood, as measured...