Word: sunk
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...Waste” is, in fact, most often generated by Congress. There are many ways in which this can occur, but one of the most common, which these cuts contain in spades, is that of wasting sunk research and development costs. For example, suppose $50 billion are spent over 10 years to develop the technology necessary to produce a new airplane. When the plane is finally ready to be built, a recession hits and Congress decides to cancel the plane after only 10 are built. Even though the marginal cost of each aircraft might be only $70 million, these planes...
Satyam Computer Services, the Indian I.T. and outsourcing giant that was nearly sunk by its founder's billion-dollar accounting fraud, has been sold to a smaller rival in an unusual auction in which bidders were unable to assess the true financial standing of the company...
...holders can invest their excess savings in Chinese securities, but only up to a point. The Chinese government said on Dec. 9 that it will triple the amount of domestic securities qualified foreign funds are allowed to purchase to up to $30 billion. But trillions of dollars can be sunk into secure U.S. Treasuries, which have no limits on foreign purchases...
...minute to cut its deficit from 26 to 16. A jump shot from senior Katie Rollins got the scoring splurge started, and sophomore forward Claire Wheeler followed a St. John’s miss with a three-pointer. Sophomore guard Christine Matera stole the ensuing inbounds pass and sunk a shot of her own from beyond the mark. Sophomore Jackie Alemany then forced another Red Storm turnover and found Rollins, who made a two-point shot to bookend the stretch...
...deficit of the game with only six minutes left, it seemed as though the tables had finally turned in favor of the Crimson. But the Minutewomen of UMass (1-3) recaptured the momentum just in time. With only 2:43 remaining in the game, UMass’ Jackie Lyons sunk the last goal into the back of the Harvard net, ending the contest with a final score of 13-12. Saturday’s matchup was the Crimson’s first home game of the season. Last season, Harvard tallied a 20-11 win over the Minutewomen in Amherst...