Word: scopes
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Dates: during 2000-2009
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Economists can be forgiven for being a little loopy these days. The scope and suddenness of the ongoing financial crisis have been a rude awakening for many. "No one expected the problems to run this wide and deep," says a Harvard Ph.D. in attendance. "It's chilling." That's why many of the more accessible jokes of the evening involve bashing U.S. Treasury Secretary Henry Paulson, Federal Reserve Chairman Ben Bernanke, President Bush and just about everyone on Wall Street. "Italian Mafia are gangsters who make offers you can't refuse, whereas financial mafia are bankers who make you loans...
...collapse of the equities market in which the bulk of those plans are invested, according to a new report from Mercer, a financial-consulting firm. Pension plans are also being hit on the other side of the balance sheet, as shrinking yields on Treasury bonds expand the scope of their pension fund liabilities. Taken together, the double dose of bad news means companies will have to pony up as much as $70 billion in pension contributions in 2009 - up from $10 billion in 2008 - a development that will surely crimp many companies' earnings. (Find out 10 things to do with...
...developments will further complicate matters for many companies struggling to survive in what is arguably the bleakest economic and financial crisis since the Depression. The true scope of the market's toll on pension plans will become apparent in the coming weeks, when companies release fourth-quarter and year-end earnings statements. In conference calls to investors and analysts, top corporate executives are likely to explain how they plan to handle the loss. Many will probably reduce sharply or even eliminate new benefits packages, cut wages and resort to more job cuts to recover the loss. It will also likely...
While some mosquito species mate at dusk, A. aegypti engages in daytime rendezvouses. A male flies into a swarm to scope out potential mates, chasing a few specimens (see one such chase here) and checking them out at a range of 1 to 2 cm. If the female has recently mated, she'll rebuff the male's advances, but once a love connection is made, the two will adjust their wing speeds: females typically beat their wings at about 400 Hz, or beats per second, and males flap at a frequency of about 600 Hz; however, when two potential mates...
...qualms about the debt take a backseat to worries about a depression, the scope of the stimulus plan has grown to include everything from expanding Pell grants for college students and health care for the unemployed to investment in renewable energy. Instead of temporary measures meant to prop up the sagging economy over the next two years, much of what has been proposed looks like a laundry list of Obama campaign promises. If the plan is passed, Obama will get, in one fell swoop, a running start on large swaths of his long-term agenda, the ultimate cost of which...