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That brings us to the other big news in the announcement. The FOMC left the door wide open for even more rate cuts, which would bring us into uncharted territory. The federal-funds target rate previously bottomed out at 1% from June 2003 to June 2004. The actual federal-funds rate did drop below 1% a few times in the 1950s, but that was another era - an era when the Fed didn't announce interest-rate targets, banks completely dominated the financial system and the U.S. completely dominated the global economy, and there was no such thing as a money...
...young players,” Teevens said. “We have a lot of freshman and sophomores starting, especially on the offensive line, which is highly unusual in this league.”Plagued by injuries all season, an inexperienced Big Green squad saw its star wide receiver, sophomore Tim McManus fill in as the starting quarterback in last week’s 21-13 loss to Columbia. Even more distressing was the fact that kicker and true freshman Foley Schmidt provided the majority of Dartmouth’s scoring offense. Coming into the game, Dartmouth ranks last...
...University of Virginia and professor Tony Greenwald of the University of Washington. The three scientists are collaborating on “Project Implicit,” a research Web site which allows visitors to complete various tests in order to gauge their subconscious associations. The tests cover a wide variety of topics, including racial, religious and gender biases as well as preferences among the presidential candidates. “As psychologists, what we’re doing is using the Web site to understand some of the mechanisms that go into the act of voting—how our attitudes...
...election officials to put the question on next week's general election ballot. In calling for the latest ConCon, Aiona says, "It's long overdue." A ConCon could well allow Hawaii's Republican governor, Linda Lingle, to create local school districts by breaking up the nation's only state-wide, centralized public educational system. Meanwhile, the police and prosecutors, who have already gotten laws on the books tightening restrictions on evidence rules, would like to see those changes worked into the constitution...
...toppled in the country's first-ever democratic elections by a man whom he had imprisoned just a decade ago. After coming second in multi-party polls earlier in October, 41-year-old Mohamed Nasheed beat Gayoom in a run-off contest by a nearly 10% margin - a gulf wide enough for the oft-dictatorial Gayoom to concede defeat over state radio even before all the ballots were counted...