Word: steeping
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...that she was a successful professional with a blue-collar background, degrees from Princeton and Harvard, and a penchant for making wifely jabs about her husband's morning breath - and switched to the Michelle-as-liability narrative to keep things entertaining. Certainly it seems that Michelle has paid as steep a political price for her national-pride remark, which some of us were not actually offended by, as Cindy McCain has for any of her own shortcomings...
...feared would send the financial system into a tailspin. The headline-grabbing failures follow a year-long financial decline, caused by unexpectedly high rates of home loan defaults that tore through the economy and wiped out billions in capital. The downturn accelerated in recent months as lenders, spooked by steep losses and high-profile bank failures, tightened their purse strings. As Harvard’s endowment has ballooned over the past decade, spending has increased in kind, with $1.6 billion in expenditures coming from the endowment last fiscal year. As late as 2005, the payout from the endowment was still...
...feared would send the financial system into a tailspin. The headline-grabbing failures follow a year-long financial decline, caused by unexpectedly high rates of home loan defaults that tore through the economy and wiped out billions in capital. The downturn accelerated in recent months as lenders spooked by steep losses and high-profile bank failures have tightened their purse strings. Worried that recent high-profile failures could spread and freeze financial markets, Treasury Secretary Henry M. Paulson Jr. announced the plan now under consideration to bolster confidence in U.S. financial institutions. “PIMCO is ready to work...
...tried to claim that fried chicken could be part of an effective diet program in 2004, the Federal Trade Commission penalized the company, requiring it to pull the commercials and submit all advertising for FTC review for the next five years. Mendacity in commercial advertising can also carry a steep financial price. In 2007, the FTC fined four diet-pill manufacturers $25 million for making false claims about their products...
...investors grew more confident that stepped-up government efforts to contain the damage caused by the U.S. credit crunch would be effective. Japan's benchmark Nikkei index was up 3.8%, Hong Kong's Hang Seng 9.6% and the Shanghai stock index shot up 9.5%, recovering some of the steep losses suffered earlier in the week...