Word: annually
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Dates: during 2000-2009
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...wrong. Dozens of states have found themselves with budget shortfalls, some quite massive, partly because economists weren't ratcheting down expectations of tax revenue nearly fast enough. In late November, the Federal Reserve Bank of Philadelphia's Survey of Professional Forecasters indicated GDP would decline at an annual pace of 1.1% for the first three months of 2009. The economy proceeded to shrink at a pace of 5.5%. (See what to expect when the recession ends...
...reimburse the Dutch and British who had accounts with Icesave, the internet arm of the now-defunct Landsbanki, which collapsed last October. The deal was a condition of the IMF bailout, and Iceland has 15 years to pay it back. But the sums total almost half the country's annual output and could jeopardize any recovery...
...With temperatures simmering and families spending summer days at the shore, most customers aren't exactly in the Christmas spirit. So what convinced Sears, which has seen nothing but annual same-store sales declines at both its namesake and Kmart stores over the past four years, that skeptical shoppers want to open up their wallets for Christmas gifts now? "After the last holiday season, customers told us that they wish they had seen some of our merchandise earlier," says Natalie Norris-Howser, a Sears spokeswoman. "People are buying earlier today. Also, customers have grown accustomed to the Christmas-in-July...
...leads to detours off it, like to Somerset, a village accessible only by the smallest working drawbridge in the world. The short bridge has an 18-inch gap covered by a plank, which is removed to allow unsailed masts to go through. Somerset is also the site of the annual summer Non Mariners' Race, in which entrants build absurdly unseaworthy craft to lose the nonrace "in the most astonishing fashion...
There are few economic indicators as grim as homelessness, as the Department of Department of Housing and Urban Development demonstrates in its 4th annual report on the topic, which found that some 1.6 million Americans stayed at homeless shelters from October 2007 to September 2008. The Department also noticed some troubling trends: more families seeking shelter - particularly in rural and suburban areas - and more people going to shelters from stable living arrangements (instead of jails, institutional settings or the military...