Word: quarters
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Dates: during 2000-2009
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...What's the best-case scenario? If you do everything right, you avoid an L, and that's really good news. But you still have a situation in which global growth this year is negative. GDP growth in advanced economies is going to be negative through the fourth quarter of this year, and next year, growth will be anemic - probably 1% or lower. Job creation is going to be negative. In the best of circumstances, we have a two- to three-year recession in advanced economies...
...Administration's assumptions about the rate of the recovery were probably finalized several weeks ago. It would have been impossible to balance the Budget without them. At the point when those forecasts were set, GDP contraction for the fourth quarter of last year had not been revised to 6.2%. GM (GM) had not posted its huge loss. GE (GE) had not cut its dividend. And, Citigroup (C) had not been partially taken over by the government. Some analysts might say that those were unrelated activities made by large companies in unrelated industries. However, these firms were, until recently, the largest...
...Evidence of just how bad the global recession is shaping up to be is building fast. The worst of the news Monday came with the announcement that financial insurance giant American International Group had lost $61.7 billion in the last quarter of 2008, the largest quarterly loss in corporate history. As the insurer of much of the toxic American mortgage debt that detonated the implosion of the world's finance markets, AIG is now also set to take on an additional $30 billion in U.S. government rescue funding beyond the record-setting $150 billion in aid it received last year...
...sharp down note after absorbing a weekend of anxiety over AIG, the black hole of an insurance company that is swallowing another $30 billion of government assistance with no assurance that it won't need more. Monday morning, AIG reported a colossal loss of $61.66 billion for the fourth quarter of 2008. Citigroup also cast its own dark shadow with news last week that the government will convert preferred shares it owns for up to a 36% stake in the troubled financial services firm...
...freshman Devan Kennifer added. PRINCETON 13, HARVARD 6 Seeking redemption after last week’s tight 10-8 loss to the Tigers, Harvard faced off against Princeton in the final game of the tournament. Last week, the Crimson nearly caught up to the Tigers with a strong fourth-quarter performance. This week there would be no late game heroics.Yesterday, the Tigers’ defense kept Crimson’s offensive attack on a tight leash until the final whistle blew; Princeton held Harvard to its lowest point total since its two-goal performance versus Michigan in the season?...