Word: slump
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...have our first big-game catch of the 2007 housing slump and credit crunch. On Oct.�30, Stan O'Neal resigned his post as CEO of Merrill Lynch after reporting that his firm would suffer a $7.9�billion hit to the value of its assets because of bad bets on mortgage-related securities. O'Neal personally took blame for Merrill's forceful push into complex instruments designed to distribute the risk of a surging subprime-mortgage market--the ones now imploding as home prices flatline and defaults spike...
Norries Wilson is a good football coach. After last season’s surprise 5-5 finish, the Lions are experiencing a sophomore slump in Wilson’s second year as big man on campus in Morningside Heights. But they are well-prepared and don’t back down from challenges, as evidenced by last weekend’s first-half shutout of powerhouse Yale...
...subprime turmoil, Read of CalPERS said it never crossed his mind to write the industry off. "We definitely did not see it as a time to leave hedge funds," he says. Maybe now, if hedgies can just clean up their acts a little, they can put their summer slump completely behind them...
...agrees, adding that “they should make a Gaga movie, like ‘Dodgeball.’” So was this a one-time event, or can Harvard students count on a weekly Gaga game to get us through the Sunday slump? “We have to build up momentum, but we’re hoping to have at least two more games this year,” Levin-Gesundheit says. So, next time you’re looking for a good way to put off that pesky problem set, FM suggests looking...
...absence of a reversal from within the U.S itself, Naudé says about the only thing the European Central Bank can do to undercut the dollar's slump is lower its own interest rates to create a degree of inflation to counterbalance any further rise in the euro's value. But that does nothing to undercut its appreciation outside the euro zone...