Word: short
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Dates: during 2000-2009
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...Then there is Fifth Third Bancorp. The Cincinnati-based financial firm is one of a number of banks that have had to spend the past month pulling off some fancy financial gymnastics to meet their capital requirements. The stress test found that Fifth Third was $1.1 billion short of the common equity it needed to be considered well funded. Earlier this week, the bank announced that it had raised $1 billion by selling new stock. But that left the bank $100 million short of its goal. So the bank couldn't stop there. Instead, it offered $365 million...
...triple whammy of collapsing property values, equity-wealth destruction and ongoing unemployment shock, the American consumer is unlikely to spring back overnight. In fact, with asset-dependent U.S. households remaining income-short, overly indebted and savings-deficient, subdued consumption growth is likely for years. This is because the U.S. consumption share of real GDP, which hit a record 72.4% in the first quarter of 2009, needs, at a minimum, to return to its pre-bubble norm of 67%. That spells a sharp downshift in real consumption growth from the nearly 4% average pace of 1995 to 2007 to around...
...Korean team exists in obscurity at home. Ri Myung-guk, the mop-haired beanpole of a goalkeeper, seemed to characterize that alienation, his shoulder-padded jersey far too large for his alarmingly skinny frame, and his sweat pants - always a fashion faux-pas in the football world - pulling up short across his shins. Yet, the last time North Korea's footballers participated in the World Cup, they were the pride of the continent and the darlings of football fans around the world. In the 1966 tournament held in England, their side of amateur players - given 1,000-to-1 odds...
...press release, he said a taskforce had been set up which would include senior officials from the Department of Foreign Affairs and Trade, the Department of Education and Workplace Relations, the Department of Immigration and Citizenship and the Attorney-Generals' Department to deal with the problem. (Read a short bio of Kevin Rudd...
...Rudd has stopped short, however, of criticizing law enforcement authorities. "Any decent human being just responds with horror at the sorts of attack which have occurred recently. But the key thing is to make sure our law enforcement authorities are doing the best they can. I am confident they are," he told Melbourne's 3AW radio. FISA's Menghani warned if authorities failed to deal with the issue, it would be the Australian economy that would suffer. "Each student is worth about $30,000. And there will be students who will not be coming to Australia because of this...