Word: small
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Dates: during 2000-2009
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...Plenty. Next year we'll see oil hit $90 a barrel (per Goldman Sachs), unemployment peak at 10.5% (Fitch Ratings), the value of the dollar with respect to the euro and yen hit bottom (Deutsche Bank), 10-year Treasuries yield more than 4% (Bank of America Merrill Lynch) and small-cap value stocks outperform all other categories (Richard Bernstein Capital Management). As for the stock market more broadly? Strategists at UBS expect gains well into the double-digits. The CEO of PIMCO sees a 10% drop...
...direction the economy will take in 2010, and they couldn't be more dissimilar. J.P Morgan Chase's chief U.S. equity strategist Thomas Lee is an advocate of the more optimistic outlook. He sees the Federal Reserve keeping interest rates low, credit rushing back in to households and small businesses, consumer demand taking off, employment rebounding and the S&P 500 rising 18%. (See the top stocks of the decade...
...blotters since he was accused of stealing a bike at the age of 8. Since then, he is suspected of having committed nearly 100 burglaries in Washington, Idaho and Canada. Police allege that he graduated from bikes to cars, then to speedboats. Lately, he is suspected of stealing three small aircraft - all the more impressive given that he has never taken a single flying lesson. (See the top 10 crimes...
...deal appeared to be in doubt for much of Friday morning, after a small group of countries including Cuba, Sudan, Bolivia and Venezuela worked to block the accord. They complained that the deal brokered by Obama and his interlocutors lacked specific emission-reduction targets, and only included a vague pledge to attempt to keep global warming from rising above the upper safe limit of 2 degrees celsius. The dissenters also attacked the climate finance for poor countries promised in the deal - around $30 billion for the period to 2012, and $100 billion annually by 2020 - as far short...
...Copenhagen achieved that much. Credit should go to President Obama, who arrived in Copenhagen with the negotiations in shambles and forced through what may have been the only deal within reach. For that, of course, he will also get the blame. Outside the Bella Center as delegates departed, a small group of protesters against the deal carried photos of Obama, with the words "climate shame" across his forehead. That may not be how many had expected the summit to conclude, but it may have been the only ending that was possible...