Word: quarter
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...Federal Reserve is also talking the talk, although it is difficult to see how it can actually walk the walk. After a year of contraction, U.S. GDP grew 3.5% in the third quarter of this year, but the jobless rate has surged to 10.2%, the highest since 1983. Raising interest rates runs the risk of worsening unemployment. For the same reason, the U.S. cannot withdraw stimulus spending either, even though the U.S. budget deficit has topped a record $1.7 trillion. Last week, mortgage lender Fannie Mae reported $18.9 billion in third-quarter losses and said it needs another $15 billion...
...make its peace with immigrants, despite how central to the economy they have been and - with a falling birth rate and aging population - are still. Postwar Switzerland was built by Italian "guest workers," many of whom eventually won the right to settle, and today perhaps a quarter of the nation's workforce are non-Swiss...
...Today approximately one-quarter of the school's 780 students are city residents, with the rest spread across the inner and outer suburbs. The school allocated $1.4 million in financial aid this year to students who could not afford the $9,990 tuition. "We will not turn away any student who is qualified to come here," says U of D principal Gary Marando...
...sent gold prices to an all-time high. The move was widely seen as part of an effort by central banks around the world to diversify their extensive U.S. dollar holdings. Steven Englander, chief U.S. currency strategist at Barclays Capital in New York City, figures that in the second quarter, dollars accounted for only 37% of new reserves accumulated by central banks worldwide. That's the lowest proportion on record for any quarter during which reserves increased significantly. At a time when many central banks are boosting their reserves, they are choosing to buy euro and yen instead. "Central banks...
...ought to have been apparent to Zelaya that when the pact was inked, only a quarter of the chamber's 128 deputies backed his reinstatement - even his ruling Liberal Party is split on the issue - and the math has barely budged since then. U.S. officials say they hoped that four months after the coup, the congress would be less of an anti-Zelaya hothouse and therefore more amenable to letting him finish the last three months of his term as the democratically elected President. But "restoring Zelaya creates too many domestic political complications," says restoration opponent Adolfo Facusse, a Honduran...