Word: multiyear
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...team, the New Zealand All Blacks rugby team and a teenage golfing phenom named Tiger Woods. Wall Street was waiting to see what Nike would do to follow up Michael Jordan and the enormously successful Air Jordan line of footwear. When the company announced that it had signed a multiyear, multimillion-dollar deal with Woods, the reaction was swift--Nike stock fell 5%. Says Bob Wood, one of the officials in that room: "They thought we had overpaid...
Equally controversial plans could move beyond mere talk in other Western cities. A multiyear drought, which eased only this year, dropped water levels in the Colorado River's vast reservoirs to historic lows, raising the specter of involuntary rationing. It was a shock that rattled water managers in numerous states, causing Denver, for example, to eye the headwaters of the Gunnison River, clear across the Continental Divide, and Los Angeles to consider exploiting a groundwater field in the Mojave Desert. These and other communities will thus be watching Las Vegas closely, as will environmentalists who question, among other things...
...then there's the Glen Canyon Dam on the Colorado, which after its completion in 1963 not only robbed the Grand Canyon of sediment needed to rebuild sandbars and beaches but also drowned a spectacular landscape far bigger than the Hetch Hetchy Valley. Thanks to a multiyear drought that has only recently eased, the landscape has begun to re-emerge, energizing an effort by the Glen Canyon Institute to correct what conservationist David Brower called "America's most regretted environmental mistake." It's bound to be an uphill battle. The Glen Canyon Dam is part of the seven-state Colorado...
...increases (the Tax Equity and Fiscal Responsibility Act, known as TEFRA, which repealed much of the business tax cut of the previous year; the gasoline tax; the 1983 Social Security amendments; and the Deficit Reduction Act of 1984) totaling, according to the Treasury Department, $530 billion over a multiyear period. Paul Craig Roberts Professor of Political Economy Georgetown University Washington...
...here is the way I see it. The rest of the world saves too much and consumes too little. If the U.S. had not gone on a relative consumption binge from 1998 to today, wherein consumption went from 67% to 71% of GDP, we would have suffered not a multiyear bear market but a global deflationary depression precipitated by the Asian collapse, the Russian debt default and the failure of Long Term Capital Management...