Word: zeroes
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Each year, University Hall gives the Admissions Office a number, representing the slots available for new transfer students. This year, for the first time in over three decades, that number was zero...
...Obama's Abstractions While everybody has been gasping in admiration of Barack Obama, I have been trying to find out what his policies are [March 17]. His website and his speeches and interviews contain much fine rhetoric, but so far I have found a total of zero realistic policies. Change is a fine slogan, but for the most powerful position in the Western world we need more than slogans. We need realistic policies. Until Obama can provide them, he doesn't deserve to be President. Neil Wagstaff, Ashwood, Victoria
...tinkering with hydraulics, aerodynamics or something else, "The discipline you have to bring to the technical exercise is extreme," McLaren boss Ron Dennis has said. "One weak element and you're not going to win." For the investment over the years, people get to see cars that accelerate from zero to 160 km/h in 3.5 sec., and are so endowed with aerodynamic downforce that, in theory, you could drive one of these babies across the ceiling. Eventually, some of that technology filters down into the cars that the rest of us get around in: the steering wheel-mounted control systems...
...stood pat on Reagan's zero option, which proposes that NATO forgo its planned deployment if the Soviets dismantle the 613 intermediate-range missiles they now have in place. NATO defense ministers meeting in Portugal were successfully persuaded by Defense Secretary Caspar Weinberger last week to reaffirm support for deployment of NATO'S missiles if there is no agreement at the INF negotiations in Geneva. But despite this declaration, West European leaders remain hopeful that the U.S. will adopt a more flexible approach. In this week's speech, Reagan is expected to indicate that the U.S. will consider accepting...
Nevertheless, all those mortgages that started the problem are still worth something. House prices are headed downward, but they're not headed to zero. What turned a simple price decline into a crisis that killed Bear Stearns was the way many financial firms (hedge funds and investment banks, especially) generate their profits: by making bets with borrowed money. To borrow that money, they have to put up collateral--for example, mortgage securities. Lately, many firms have been simultaneously beset by bets gone bad and skittish lenders' calling in loans or demanding more collateral...