Word: recordability
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...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 in taxpayer money to survive...
...deficit spending. Last week, the International Monetary Fund (IMF) announced that the Reserve Bank of India had bought 200 tons of IMF gold reserves, the biggest single purchase by a central bank in 30 years. That pushed the price of gold past $1,100 an ounce, the latest record breaker in a string of new highs, as the market anticipated gold buying by other central banks to hedge against a falling dollar...
...science in the numbers. The odds for a game or a race are determined by the recent finishes of teams or horses; the line-makers are predicting outcomes on past strengths and weaknesses. New movies, especially nonsequels like Christmas Carol, Goats and The Box, have no track record; they have only the expectations, high or low, of industry swamis. The Sunday-morning "weekend" numbers are also a guessing game, since the final tabulations don't come in until Monday afternoon. Declaring a weekend champ on Sunday is like saying who won a World Series game after six innings. Twice this...
Despite how the season has played out, Harvard (5-2, 4-0 Ivy) cannot take Columbia (2-5, 1-3 Ivy) for granted this weekend. While the Lions’ record may not show it, the team is not short on talent on either side of the ball...
Fresh off their 27th World Series win, the New York Yankees will take a victory lap through lower Manhattan on the morning of Nov. 6. It will be their record-setting ninth trip down the so-called Canyon of Heroes, the skyscraper-lined stretch from the island's southern tip to City Hall. And if past ticker-tape parades for sports champions are any guide, they can expect to be showered with up to 50 tons of confetti and shredded paper...