Word: quarters
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Dates: during 2000-2009
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...government reported that fourth quarter GDP contracted at an annual rate of 3.8%. That does not approach the 7.8% in the second quarter of 1980 or the 10.4% post-war record set in the first quarter of 1958. The consensus estimate among analysts was for a 5.4% drop...
...world should getting ready for much higher oil prices, even if that will make the recession deeper. OPEC has the capacity to cut demand at a rate to outrun falling supply. It has not done so, but that could change before the end of this quarter. Its member nations are ready to put their own interests ahead of those of both their customers and the economy at large...
...began in October 2008 when Tutsi rebel leader Laurent Nkunda launched an offensive, taking advantage of the weak Congolese President, Joseph Kabila, and his collapsing army. Nkunda quickly doubled his territory in the province of North Kivu and threatened to march on the capital, Kinshasa. The U.N. says a quarter of North Kivu's 4 million people are now refugees as a result. "This is war" was Nkunda's explanation...
...terrible because, obviously, it hurts. But as a team of researchers pointed out last year in a study in the journal Psychological Science, sadness can stimulate something this economy badly needs: consumer spending. According to the Department of Commerce, just when the economy was tanking during the third quarter of last year, the personal-savings rate jumped to its highest level in nearly four years. In the long term, a higher savings rate will help prevent future credit meltdowns, but most economists agree that in the short term, we need to stop stuffing paychecks into mattresses. Being sad can help...
...Following the group’s initial protests, Harvard sharply reduced payments to its chief investors to less than a quarter of their 2003 levels, and the scrutiny over salaries played a part in prompting an exodus of money managers that included HMC’s long-time CEO Jack R. Meyer...