Word: felling
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...wake up at 2 a.m.), a team from Brigham and Women's Hospital in Boston found that the new drug restored near normal sleep the first night it was used. In one arm of the study, participants taking a high dose of the drug actually fell asleep more quickly than usual. In another part of the study, pill-takers' sleep efficiency - the percentage of bed-time spent sleeping - remained unchanged after experiencing jet lag, while their counterparts who received placebos slept 19% less. (See TIME's photos of the history of land speed record...
Harvard’s endowment—the largest in higher education—fell 22 percent in four months from its June 30 value of $36.9 billion, marking the endowment’s largest decline in modern history, University officials announced yesterday...
...same period, the S&P 500 fell 24.6 percent. The index has fallen an additional 12.4 percent since then...
Monday's market drop was accompanied by a mad rush to the safety of Treasury securities, where yields fell yet again. The yield on the 10-year note dropped to 2.748%. Ironically, many on Wall Street believe Treasury securities are no bargain, particularly after November's strong showing, when Treasuries delivered their best performance in more than 25 years. Merrill Lynch even issued a market report Monday morning noting that "Treasuries have moved into overvalued territory," yet added that it did not think the bull market in these securities would end anytime soon...
There was also more timely evidence that the economy is in trouble. A much-watched real-time indicator of manufacturing activity, the Institute for Supply Management's monthly purchasing managers index, fell to a 26-year low. The JPMorgan global purchasing managers index, a measure that's only been around since 1998, hit an all-time low, with exporting nations such as China and Korea especially hard...