Word: p
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Dates: during 2000-2009
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Nonprofits have long sensed trouble. In its most recent Philanthropic Giving Index - sort of a Consumer Confidence Index for donations - the Center on Philanthropy reported in July that nonprofits were feeling less optimistic than they had six months ago. And that was before Lehman, before AIG, before the S&P 500 Index dove off a cliff. Gregory Boroff, senior vice president for external relations at the New York Food Bank, notes that his organization's donations from direct mailings is down 27% from the same time last year. Like City Harvest, the New York Food Bank receives the bulk...
...stock-market investors, this week was the worst ever. The Dow industrials fell a record 18%, with the NASDAQ down 15% and the S&P 500 off 18%, as the crisis that has been roiling debt markets finally slopped over to equities in full force. The euphoria of the last hour of trading on Friday - when major markets turned positive and then ended the day only slightly down, with the Dow dropping a relatively modest 128 points, to 8,451.19 - hardly offset the terror of a rambunctious 700-point drop in the Dow at the opening bell. Events were...
...huge stock-market losses on Thursday - a 7.3% drop in the Dow Industrials, a 7.6% decline in the S&P 500 - were just the latest in a string of traumas for investors already afraid to open brokerage statements or turn on cable TV for fear of what the news might bring. It was the seventh straight day of declines for the Dow, driving the group of blue-chip stocks below 8,600, a level not broached in five years. Since the market's high - ironically enough, exactly a year ago - the Dow has shed nearly...
...loan, the receiving company should be barred from granting executive bonuses or paying dividends to investors until the loan (and interest) is repaid. This would infuse the needed money into the system and free up credit markets. But in the long run, it would cost taxpayers nothing. Robert P. Hebbel, North Oaks, Minnesota...
...said. But Miranda added that all the representatives will meet next week where they will be informed of their tasks for the year—and for the decades to come. In addition to Love, Lin, Vilkin, and Miranda, the other students elected were Kylie P. Stone ’09 of Adams House, Brieana P. B. Marticorena ’09 of Cabot House, Devin D. Smith ’09 of Currier House, Sheila C. Lee ’09 of Eliot House, Ricky B. Shah ’09 of Lowell House, Derek N. Jones...