Word: quarters
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Dates: during 2000-2009
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...about a quarter-century later, University President Lawrence H. Summers decided it was time to evaluate the curriculum again. As specialized courses infiltrated the Core Curriculum, the program became more difficult to define. The Faculty then decided to return to the interdisciplinary study that the first Gen Ed program espoused...
...like AIG, Freddie has had to go back to the government a number of times with cup in hand. The mortgage giant has already received $14 billion in government aid. After a fourth-quarter loss of $24 billion, the company said it needed an additional $31 billion from the government to keep the lights...
Freddie's business, which in part comes from a government mandate, is insuring mortgages. So when borrowers lose their jobs, as many now are, Freddie is going to lose money. But only a quarter of Freddie's red ink, or about $13 billion, comes from mortgage-insurance woes. The firm took a larger hit from its investment in mortgage-backed securities tied to subprime, adjustable-rate or jumbo mortgages. By law, Freddie isn't allowed to insure against losses on those types of mortgages, in part because they are riskier. But it bought securities tied to those home loans anyway...
...less flourish," says Richman, the business reporter. For example, as many as 20,000 of the P-I's 117,000 subscribers already received both papers. Local economists say the Times' own position is dire, pointing to its two-year pension freeze and the laying off of roughly a quarter of its staff in the past year...
...these people will now walk away with a significant payday: $165 million for about 400 employees, on top of $55 million the same people earned last year, a year that ended with AIG posting a $61.7 billion fourth-quarter loss, the largest quarterly loss in corporate history. (If it is any consolation, senior managers in the financial-products division will make about 43% less in 2008 than they did a year earlier, according to the company.) As Fed Chairman Ben Bernanke put it, "It makes me angry. I slammed the phone down more than a few times discussing...