Word: ultra
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Dates: during 2000-2009
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...Japan discovered the futility of ultra-low interest rates in the 1990s, when the Bank of Japan (BOJ) tried to prod the country out of a protracted recession by lowering the rate all the way to zero in 1999 - where it stayed, with one brief interlude, until 2006. Despite the fact that lenders could essentially get free money from the government, Japanese banks were busy recapitalizing and paring down mountains of bad assets, and had little interest in doling out more loans in a moribund economy. The zero-rate policy did little to stimulate growth...
...Sunday Livni, a onetime Mossad agent, conceded defeat, claiming she refused to be "blackmailed" by the demands of the fringe religious parties she was trying to woo. The religious parties, she said, were making "economically and diplomatically illegitimate demands." The ultra-orthodox Shas party was charging a high fee: they want Livni to increase child allowances for large religious families and remove the city of Jerusalem from peace negotiations with the Palestinians. "I refuse to pawn Israel's future for the Prime Minister's seat," she said after meeting Peres. "The public is sick of politicking...
...reaction performed by Mazur’s graduate student accidentally created black silicon, a semiconductor that is ultra-sensitive to light and may have application in devices from night-vision goggles to photovoltaic solar panels...
...depending on the depth of this recession, striking as it does squarely at people's homes. With the financial baggage that many matrimonial vessels are hauling, it's not yet clear whether more spouses will jump ship or start bailing. What is clear is that everybody involved--from the ultra-wealthy to the completely broke, from family-court judges to therapists--has to figure out a new way to navigate...
...Cupet's analysis is based on what he calls a more accurate comparison of similar maritime oil fields like those off Mexico's Gulf Coast. "We're talking about that magnitude," he argued last week. "We have more data" than the USGS. But Cupet, an arm of Cuba's ultra-secret communist government, hasn't offered much more evidence than that. Chris Schenk, who as USGS coordinator in the Caribbean led the 2004 survey, agrees that Cuban geologists "are very good." But he adds, "We would like to see more data." Still, Schenk notes, because of the embargo and Havana...