Word: stormed
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...domestic demand, but it was a cataclysmic event for the global economy in the medium and long run: Countries soon became entangled in a protectionist race and subsequent trade war that caused American foreign trade (imports and exports) to almost halve. According to Milton Friedman, it created a perfect storm that turned a severe contraction into a depression of global proportions that only ended through world...
...early-March snowstorm that creamed the Eastern seaboard largely missed Vermont's big skiing areas. But resort operators were delighted nevertheless, because the storm whetted the appetite of all those coastal skiers. The industry calls it the "backyard syndrome," and it can either feed or starve the sport in a given year. The backyard syndrome stipulates that if you can't see snow in your backyard, you won't think of going skiing, whatever the economy. If the flakes are falling, however, you'll get silly for the slopes. "Snow makes skiers act irrationally," says Ralf Garrison, director...
...budget. Nancy Tauber said that she was “extremely pleased” and Fred Fantini said that this was “the smoothest budget process” he had seen. Patricia M. Nolan ’80 called the financial crisis “the perfect storm for Cambridge,” because a recession could decrease private school enrollment and bring more funding to public school system, which get more funding when their enrollment grows. Nolan said the growing school age population in the city, in conjunction with the financial crisis, could...
...addition to the obvious problem that layoffs pose for those who lose their jobs, it also impacts those “lucky” enough to have weathered the storm and retain their employment. With upcoming layoffs at Harvard Medical School totaling about 40 percent of the custodial staff, cuts will nearly double the amount of work for already overextended employees. Such overwhelming personnel cuts like those slated for the medical school campus are unacceptable and are disproportionally making custodians feel a harder pinch than the tightening of the belt that all parts of the university are facing...
...Although situated in a climate with considerable snowfall, Harvard has not had a cancellation of classes due to inclement weather since the infamous blizzard of 1978, a historic storm in which wind speeds were recorded at 92 miles per hour. Even Mayor Menino’s announcement of a state of emergency for Boston on Monday flew under the radar of Harvard’s meteorological decision makers...