Word: rating
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Dates: during 2000-2009
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...haven't we seen more evidence of this yet? I think the media hasn't put it together, but it actually is starting. The default rate for the past 12 months is roughly 12% - that's very high. Half of those companies that have defaulted, according to Standard & Poor's, had some type of private-equity involvement in their corporate life. A lot of those are PE-owned companies, ranging from Chrysler to the Tribune Company to Simmons Bedding. We've already seen the tip of the iceberg...
With stimulus spending doing little to combat an unemployment rate at 10.2% and rising, U.S. leaders are starting to take further action. President Barack Obama is holding a jobs summit Dec. 3, followed by a White House to Main Street Tour to "share ideas for continued recovery." Congressional Democrats, meanwhile, hope to tackle a new jobs bill by the end of the year. (See the top 10 recession surprises...
...evolutionary path - white Caucasians were at the top of the racial hierarchy, while black and brown people ranked below. [Racism] was a widespread prejudice in British society at the time, but he presented racial hierarchy as a matter of science. He also held that the poor were genetically second-rate - which inspired eugenics. (See a photo-essay on Darwin...
...average working stiff, it was a pretty lousy 10 years. The median household income in 2000 was $52,500. Last year (the most recent year available) it was $50,303. And given that the unemployment rate has climbed to 10.2%, income will almost certainly drop again this year. Low-income Americans fared even worse. In 2000, 11.3% of Americans were living below the poverty line. By 2008, that number had risen to 13.2%. Meanwhile, the percentage of Americans without health insurance increased from...
...rate, given a raucous three-hour bus ride to New Haven, sleepless night of party-hopping, and booze-fueled all-day tailgate at The Game, it’s safe to say that piety wasn’t at the forefront of the typical Harvard student’s mind this Saturday. Thousands of miles away in Vatican City, the Pope’s gesture may have superficially seemed like a gesture of aisle-crossing good will—but, in its own way, it was just as profane...