Word: rivalled
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...because that's when employment peaked), and it's very hard to find anybody willing to predict that the economy will resume growing by May. As for severity, though the first eight months of the recession were quite mild, the pace of job losses since August is beginning to rival that of the big 1970s and '80s recessions. So while President-elect Barack Obama and others who dub this the worst downturn since the Great Depression don't have definitive evidence just yet, they're not blowing smoke either. (See pictures of the stock market crash...
...spiritual patriarch of more than 110 million members of the Russian Orthodox Church, Alexy II, 79, led his followers for 18 years. Credited with restoring the church in the post-Soviet era, he mended a rift with a rival sect established by Russians who had fled the Soviet Union for the West. In his later years, Alexy was an ardent supporter of Prime Minister Vladimir Putin...
Approved by the Food and Drug Administration in 2002, Essure coils were implanted mostly in hospitals until last year, when Conceptus, the Mountain View, Calif., manufacturer, started training lots of docs to perform the procedure in their offices. The firm recently launched its first big advertising campaign. Rival company Hologic hopes to gain FDA approval in 2009 for Adiana, a soft silicone polymer similarly inserted to seal off the Fallopian tubes...
...Congress defeated the first bailout bill, the IRS issued a notice to change that rule to allow banks to significantly lower their taxes when they purchase other banks. Now, after an acquisition, a bank can reduce its IRS bill by claiming that loans on the books of an acquired rival are worth far less than the previous owners thought, not a hard claim to make these days. The acquirer can deduct from its taxes the full amount of the write-down. Before it could only lower its taxable earnings by a small percentage of the write-down of the preacquisition...
Last night, in another big game against a Boston rival, the freshmen came to play. Although the team fell 76-71 to Northeastern in a double overtime thriller, this is a sign of maturity the Crimson can build...