Word: short
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Dates: during 2000-2009
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...things were still really, really bad. The Dow ended the day down 778 points, or 7%, and the S&P 500 - a better measure of the overall market - was down 107 points, or 8.8%, its worst performance since the 1987 market crash. And markets for bonds and short-term loans were, for the most part, nonexistent...
...student and spent his year in Cambridge practicing with the JV squad.Following his freshman year, Hatch took a leave of absence to go on his Mormon mission, traveling to Chile. While playing in a pickup soccer game there, Hatch tore ligaments in his knee, which forced him to cut short his trip and return to the U.S. for surgery. While rehabbing at home, he re-established contact with Crowton, who had gotten a job as the offensive coordinator at LSU. After rehab and a tryout, Hatch became a scholarship quarterback at one of the nation’s premier football...
...with junior Ben Jenkins lining up behind senior quarterback Chris Pizzotti, Harvard tried to run it up the middle, only to be stopped short. A failed onsides kick returned the ball to Brown’s hands, and a few kneel-downs expired the clock...
...Boehner of Ohio, offshore drilling provides little windfall: drilling will have a minimal, if any, effect on gasoline prices in the near future. According to the New York Times and the Department of Energy, it is unlikely that repealing the current bans on offshore drilling will result in any short-term extraction, given the difficulty of acquiring the necessary equipment and the complexities of actually locating and extracting the petroleum. And in the long term, it is likely that continued growth in international demand, especially from India and China, will negate any benefits of offshore drilling. While H.R. 6899 contains...
...appear in front of the House of Representatives this morning. The aim of the Paulson proposal, if passed, will be to inject liquidity into the stagnant credit markets, which must be greased in order to prevent further deterioration of the financial sector. The $700 billion bailout is an appropriate short-term tactic and should stabilize the U.S. economy, buying time to address root problems. The credit market freeze stems from banks that are unwilling or unable to lend out capital for any significant length of time. Surviving banks are, quite appropriately, concerned that their damaged assets, composed largely of mortgage...