Word: shrank
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...early 1990s, as the U.S. got its fiscal house in order, the capital inflows from overseas shrank. Late in the decade, they returned, with a twist: foreign investors and companies were buying into corporate America to get in on an economic boom. That boom ended in 2001. But the Bush Administration soon began running deficits, and foreigners discovered an American financial product to which they'd never paid much heed before: mortgage securities...
...height of the housing bubble, from 2004 to 2006, the market share for GSES shrank toward the single digits. So if you're looking for a culprit for the bubble and bust, Frannie really isn't the best candidate. In one recent paper, three California real estate scholars even argue that it was in fact the absence of Fannie and Freddie and their reasonably tight underwriting standards that caused the bubble...
...Earlier this year, Austria released a stamp that shrank a football to, well, postage-stamp size, to mark the country's role as co-host of this year's European soccer championships. The self-adhesive stamps were not only circular, but made of the same polyurethane mix as the balls that players used in the June tournament. The Austrian post office printed some 500,000 and they sold for just under $6 each...
...Advocates of globalization are correct that free trade and free markets have raised average incomes around the world. The World Bank reports that the proportion of people living on less than $2 a day shrank from 67% in 1981 to 47% in 2004. But $2 still isn't very much. And other research, such as a 2004 report by the World Commission on the Social Dimension of Globalization, has found that while the average person might be better off in absolute terms, he or she is often relatively worse off: 59% of the planet's population lives in countries with...
...family paid 30% more for health coverage than it did in 2001, while incomes rose only 3% in the same period. In dollar figures, that's a $2,500 price increase each year. What's more, the study found, the number of private companies offering health benefits to employees shrank by 30,000. "Providing insurance coverage takes a bigger bite from the family budget every year," says Robert Wood Johnson's CEO Dr. Risa Lavizzo-Mourey...