Word: subs
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Dates: during 2000-2009
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...credit has to continue accelerating in order to keep the good times rolling. This is no longer happening-not just because the Fed has tightened credit but because the market has done so. In late 2006 some cracks in the credit system were already becoming visible when several sub-prime lenders went out of business as home prices began to decline. Lending standards quickly tightened and as credit flows into housing slowed, the sector experienced some illiquidity. Consumption growth waned and the rate of growth of the U.S. current-account deficit, which is the principal driver of international liquidity, decelerated...
...more momentous than others. When citizens of the British colony called the Gold Coast gathered to witness the founding of their new nation a half-century ago, they carried not only their personal hopes and fears but also the aspirations of a continent. As the first colony in sub-Saharan Africa to break away from its foreign master in the post-1945 era of independence, Ghana was the symbol of a land throwing off its shackles, the first breeze of what British Prime Minister Harold Macmillan would later dub "the wind of change." "The independence of Ghana is meaningless unless...
...erased from the U.S. stock market. News of the precipitous drop dominated cable news and newspaper coverage. It would be fair to guess that searches leading to news sites would focus on the market correction, perhaps the growing unease in Iran or perhaps the pending collapse of the sub-prime mortgage market. To the contrary, news searches last week were completely dominated by one individual: Antonella Barba...
...meeting of the budget sub-committee will be held March 13 to present it to the public...
...automatic bids to the NCAA Tournament. The one league that does not have a conference tournament is, of course, the Ivy League.Yet there is a chance that league will move away from its outdated stance and adopt a conference tournament. It has taken a preliminary step of forming a sub-committee consisting of four athletic directors from around the league who will look at the idea.This is great news, but still left the league without a tournament this year. So I rode the T to Agannis to see just how great a tournament could be.The America East not only held...