Word: zero
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...Central banks everywhere have been following the Fed's lead?even the Bank of Japan, which kept rates near zero for years to try to kick start businesses and consumer spending, has finally conceded that it's time to hike rates?which is why many analysts believe the stock-market party may end sooner rather than later. Higher rates flow through the global economy in a myriad of ways by curtailing borrowing and curbing business activity. Higher borrowing costs hurt corporate earnings, which is ultimately reflected by lower stock prices. Andy Xie, chief Asia economist at Morgan Stanley, says...
...listen to some of the same music as those in Lyons and Marseilles, but they live in a world that couldn't be more different. In today's Russia, nothing is easy but everything is possible; in France, by contrast, everything is easy but nothing is possible. There is zero job security in Yekaterinburg. France has a plethora of long-term, short-term, temporary and limited work contracts that are at the heart of the current dispute. Russia in theory has a civil code that lays down workers' rights, but in practice you get hired the same...
...visited the set--Howard Hughes' old airplane hangar near Marina del Rey, Calif.--McLoughlin, who had 30 surgeries that left braces on his legs and an open wound on his left hip, stayed away from the 65-ft. mound of Styrofoam beams and cargo boxes meant to represent ground zero. "I hate getting upset," he says. As soot-covered extras in police and military uniforms milled around, Jimeno was reduced to tears by the sight of the too-lifelike rubble pile. "I survived for a reason," he says. "We, as a country, have a short attention span...
...lost to Harvard this year—to drop its last two contests in order for the Crimson to make the EIVA playoffs. Given that the Warriors were facing league bottom-feeder Sacred Heart on Friday night, Harvard’s chances of making the postseason were close to zero. As expected, ESU swept the Pioneers, clinching the Hay Division and breaking the Crimson players’ hearts. “[The loss to New Haven] affected us in practice yesterday—we practiced mournfully,” Harvard coach Chris Ridolfi said. “And tonight...
When a Harvard crew team that had claimed seven consecutive national championships in odd years—and zero in even years—finished an uncharacteristic fourth in last year’s national championship race, both history and the Harvard lightweights were vanquished in one 2,000-meter course...