Word: slashed
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...indeed get even worse. At a summit in Brussels on Feb. 11, European leaders pledged to help Greece deal with its crushing debt while Athens said it would slash its budget deficit to 3% by 2012 - but the leaders produced few details on how exactly they would help. (Read "E.U. Comes to Greece's Rescue, with Strings...
...waves off the Northern California coast not far from Half Moon Bay. Like a matador choosing his cape before facing a bull, Banner, a contestant, pauses between two of his sleek surfboards. One is 9 ft. 8 in. and curved like a bow. More maneuverable, it will let him slash his turns across the face of the monstrous 40 ft. waves that he and 23 other top big-wave riders will confront on Saturday, Feb. 13. But if the giant waves "wall out" - imagine free-falling down the glassy side of a four-story building that suddenly explodes - then Banner...
...idea is to borrow money cheaply in one country and invest it in another with higher interest rates and where the currency may be appreciating. Last year a plunging dollar and the Fed's decision to slash rates made the U.S. currency ideal for funding carry trades. For example, selling the U.S. dollar to buy Australian dollars, Norwegian kroner and Brazilian reals yielded returns in excess...
...Airport outside Washington about one-tenth of a mile. Thousands of people in the region went without power. The storm, which originated in the Midwest, was barreling up the East Coast on Wednesday, battering Baltimore, Philadelphia, New York City and Boston, forcing preemptive school closings and spurring officials to slash air travel. (See pictures of wacky winter weather...
...Although polls show that Greek Prime Minister George Papandreou still has broad support for his economic plans, with about 65% of Greeks agreeing that painful measures are necessary to slash the deficit, many of the street protesters said they did not believe the government claims that it had run out of money. Others argued that it was the rich who should pay. "It's a crisis caused by the capitalist system," said Sissy Vovou, a 60-year-old pensioner. "Those who should pay are the capitalists, not the working classes...