Word: overnights
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Federal Reserve Chair Ben S. Bernanke ’75 and the Federal Open Market Committee voted to slash the target federal funds rate, the overnight rate at which banks can lend to each other, by half a percentage point yesterday to four-and-three-quarters percent—a move that was met with moderate approval from Harvard’s economists. In a statement, the Fed said that “the tightening of credit conditions has the potential to intensify the housing correction and to restrain economic growth more generally,” and lowered the rate...
...late 2006, whole hives of honeybees began dying overnight--victims of an unknown syndrome. Though the die-offs have afflicted nearly a quarter of U.S. beekeeping operations, scientists still aren't sure what causes them, but they've narrowed down the suspects...
...beating lately in mass culture; hardly anyone bothers with the distinction between info and tainment. "Reality shows" are as scripted as any World Wrestling Federation slamdown. The "Alien Autopsy" TV documentary of the mid-?90s was a hoax; so was the Internet's "lonelygirl15." Art Bell, on the overnight radio show Coast to Coast A.M., lavished air time on hundreds of antichrists and alien abductees, and 10 million listeners tuned in to these ghost stories in the dark...
...ways, cracking down on some social freedoms one season and tolerating the most outrageous pastimes the next. The reliable exception has been standards of Islamic dress, which have been relaxed for years, allowing women to wear short coats and bright, pushed-back head scarves. But recently the rules changed overnight. As we inched out of the busy parking lot, I leaned out the window to warn a group of young women whose dress was sure to make them targets. "They're arresting people up ahead," I said. Only one nonchalantly tugged her veil forward a little. The others continued laughing...
...statement issued at the time. That will take a while. The roots of January's squabble over pay levels were buried in agreements drawn up in the '90s, years before Walsh arrived. He acknowledges: "You don't change the way you do business with long-established trade-union relationships overnight...