Word: short
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Dates: during 2000-2009
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...paying the price for Wall Street's excesses. Some of the cost is being paid by prudent people, like retirees who have saved all their life. They're now getting ridiculously low rates of 2% or so on their savings because the Federal Reserve has cut short-term rates in an attempt to goose the economy and reassure financial markets. Taxpayers are going to get stuck too. By the estimate of William Poole, former head of the St. Louis Fed, bailing out the creditors of the two big mortgage firms, Fannie Mae and Freddie Mac, could cost taxpayers $300 billion...
...crisis in the Caucasus may offer the best illustration yet of both the assets and the limits of Sarkozy the diplomat: strong in instinct, deft in tactics, but short on strategic vision. His quick exercise in shuttle diplomacy between Moscow and Tbilisi was at the same time technically brilliant and strategically flawed. The deliberate vagueness of his cease-fire agreement secured Moscow's speedy signature, but also caused confusion over what Russia had to do to comply...
...think a lot of the professors and a lot of other people who have studied here are a million times more famous than I’ll ever be, so I don’t really feel like that’s an issue for me at all. And short of getting some very, uh, interesting looks from people when I either tell them or they find out about my, uh, my day job, it really doesn’t seem to matter very much. I really am loving how normal I feel here...
...short, a woman who might have a few things in common with Lori Stern, an administrative assistant in Des Moines, Iowa, who lost her second job at a coffee shop when it closed. Stern went to her state's Republican caucuses in January, listened and left without voting. She still hasn't made up her mind, though she's now leaning toward Obama. "I'm very aware of what's going on and have paid attention, but I find it really hard to be trustful of politicians in general," she says. That sentiment is echoed by Beth Seidel, a factory...
...officials, though, complain that while Yemen's government is a valuable ally against al-Qaeda, it has sometimes been too lax - for example, by sentencing hardened militants to short prison terms and freeing repatriated Guantánamo Bay detainees. Last May, an appeals court reduced from five to three years the prison sentence for Saleh al-Ammari, the Yemeni man who opened fire on the U.S. embassy in Sana'a in 2006. Still, U.S. officials acknowledge that the government faces a formidable challenge. The country is home to a large number of veterans of the anti-Soviet jihads in Afghanistan...