Word: torrid
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...this recession has been backward from the beginning. Record layoffs have not stalled a torrid housing market. Those who keep their jobs are nonetheless getting hit hard this time because their bonuses, their profit sharing and even their salaries are being cut. Perhaps most revealing: technology, the industry that was supposed to end boom-bust cycles, made this one even worse...
Since 1985 junk-bond funds have returned an average annual 6.3%, according to fund tracker Morningstar. That's nowhere near the 14% from stocks in the same period. But it's unlikely that stocks will keep up such a torrid pace. Their long-run return is about 10% a year, and even that mark may be hard to achieve for a while. Yes, stocks have fallen sharply and are cheaper. But their recovery will be hampered because they remain expensive relative to earnings, dividends and book value...
...talking of Iraq, the BBC reports that an anonymous new novel 'The Fortified Castle,' which is drawing rave reviews in the Iraqi media, is in fact the second work of that coy romance novelist Saddam Hussein. His earlier effort 'Zabibah and the King,' about a torrid but noble romance between an embattled monarch and a brave married commoner, is due to be turned into a 20-part TV series. The new one has a war hero falling in love with a Kurdish refugee from Northern Iraq - presumably not one fleeing from his vicious bombing of Mosul...
Harvard shot a torrid 49.1 percent from the floor, hitting on 26 of 53 attempts. Central Connecticut, on the other hand, managed only 38.5 percent on 52 shots. The Crimson also dominated the Blue Devils on the boards, outrebounding them...
Sophomores Ladd Fritz and Kevin Ara finished tied for the team regular season lead in points with 13. Lenichek was off to a torrid start with four goals and two assists in only nine games before his season-ending ankle injury...