Word: propped
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...before this once-in-a-generation economic crisis hit. Now, with hundreds of billions of dollars in government money being shoveled towards the financial sector, with the economy in free-fall, with once-record oil prices dropping, surely the last thing we can afford is more spending to prop up green dreams...
...cost of stemming the financial crisis continues to soar. The U.S. Federal Reserve has already sunk more than $800 billion into the financial system; the Treasury Department is committed to the $700 billion bailout package in addition to the $200 billion being spent to prop up Freddie Mac and Fannie Mae; rescuing AIG may cost more than $120 billion. With the already lofty U.S. budget deficit now expected to top $1 trillion next year and recession a virtual certainty, you'd expect America's currency to be taking a beating...
...bean sauce. Call me precocious, but the real term for me is “nontaster.”As a nontaster, I belong to about 25% of the population who have muted oral sensory experiences. Among other things, it means that I cannot taste a chemical called propylthiouracil (PROP), a compound similar to those found in plants of the mustard family. Sensitivity to PROP is a genetically determined trait. For nontasters like me, a slip of paper soaked in PROP tastes like, well, soggy paper, and for about half the population, it is faintly bitter. The remaining...
...troubled banks helped propel stock markets worldwide to record gains Monday and Tuesday. For the first time in weeks investors dared to hope that the financial meltdown may be abating. But budding optimism in Europe and the U.S. may not travel far. Emerging countries lacking the financial muscle to prop up their economies still face troubles ranging from slowing trade to food shortages. "In many developing countries, the most urgent crisis is not what is happening in financial markets but what has happened in commodity markets," says Dominique Strauss-Kahn, managing director for the International Monetary Fund (IMF). "We must...
...market almost always operate on a flawed premise - that thousands of companies are moved by the same forces, and those forces create a cohesive narrative. In recent days, that premise hasn't been quite as far-fetched. As credit markets seized and governments the world round rushed in to prop up financial institutions, investor panic - and, on Monday, euphoria - swept aside most other concerns about companies' fundamentals. "It was indiscriminate selling," says Art Hogan, chief market analyst at Jefferies & Co. of last week's market activity. "It didn't matter what your company did. It was everything for sale...