Word: overnighting
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Central banks are supposed to "lean against the wind." Monetary policymakers increase overnight interest rates when strong growth is threatening to push up inflation, and they reduce rates when economies begin to slide into recession and deflation. But what to do when the wind is a cyclone? That is the question confronting the U.S. Federal Reserve, the European Central Bank and their counterparts as the financial storm spawned by U.S. subprime mortgages continues to wreak havoc across credit markets. The resulting higher borrowing rates and tighter credit standards threaten to pull the U.S. economy into recession...
...Ultimately, we're hoping the next president—whoever that might be—will adopt restoring funding for NIH to a reasonable predictable growth path as a priority," Casey said. "We look for progress to be made, but we don't look for it to be accomplished overnight...
...whoever that might be—will adopt restoring funding for NIH to a reasonable predictable growth path as a priority,” Casey said. “We look for progress to be made, but we don’t look for it to be accomplished overnight.”Faust shied from making predictions yesterday, but indicated she would continue to follow the issue closely and, if warranted, participate in a similar event next year.THE LOST GENERATIONAccording to information from the NIH Web site, the average age of a researcher receiving his first R01 grant?...
...more obsessed with thoughts of his upcoming marriage than with a jihadi's paradise. Meanwhile, at the tent for mourners outside Abu Dhaim's home in Jebel Mukabir, the flags of Israel's two greatest enemies, Hamas and Hizballah of Lebanon, rippled in the spring breeze. Overnight, Israeli police arrested Abu Dhaim's male relatives, a few neighbors and his fiancee. But visitors to Jebel Mukabir said there was no denying the pride that some Palestinians felt at Abu Dhaim's bloody handiwork. In Gaza, news of the seminary killings was greeted with celebratory gunfire and candy was passed...
...scores of corporate billboards and animated displays shimmering brightly above the crush of people bustling to work. But something was amiss. Sections of the district were cordoned off with barricades and yellow tape; traffic was snarled, and police swarmed the area. For those unaware of what transpired here overnight, news crawls bellowed the troubling headlines: "TIMES SQUARE BOMBED." Authorities are investigating whether the attack is linked to two previous bombings that bore eerie similarities...