Word: summer
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Dates: during 2000-2009
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...Just like how on the show 24 Jack Bauer drives some brand of car that's not paying me and on American Idol the judges drink some kind of soda that's not paying me, last summer the anchors at the Fox News affiliates in New York City, Chicago, Las Vegas and Seattle put cups of iced coffee from a fast-food place that's not paying me on their desks. This upset lots of people because they thought it compromised the objectivity of their local anchors. This marked the first time anyone has thought about the credibility...
...Japan watcher Richard Katz points out in the latest Foreign Affairs, it took the Bank of Japan nine years to bring the interest rate that banks pay on overnight money to 0%; the U.S. Fed managed that in 16 months following the beginning of the credit crisis in the summer of 2007. Japan - in desperate denial about the plight of proud companies - long delayed using public money to recapitalize banks. The U.S. starting doing so within a year of the crisis's start...
Bankers get that. Since last summer, at least 30 groups have filed to start new banks, according to SNL Financial. From Richmond, Va., to Tulsa, Okla., to Pacific Palisades, Calif., community bankers are hitting the pavement, raising funds a few hundred thousand dollars at a time from stock-market-wary investors. It's not an easy sell, and regulators, spooked by the wave of failures, are making it tougher than ever to win approval. For entrepreneurs who can run that gauntlet, though, the stars are aligned for small independent banks in a way they probably never will be again...
...MBTA raised its rates in 2004 and again in 2007 to much chagrin from frequent passengers. In the summer of 2008, the MBTA board announced that there would be no fare increases until 2010 at the earliest...
Since the financial crisis hit Russia late last summer, more than 1.5 million Russians have lost their jobs and the ruble has lost a third of its value. On Friday the State Statistics Service reported that the annualized inflation rate had jumped to 13.9 percent - a four month high. The government predicts that the economy will shrink by 2.2% this year while the cost of buying an average monthly basket of food for an adult male in January was $61.34, up from $53.53 a year earlier. (The average monthly salary in Russia is $490.51, according to state figures...