zero percent

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Top New Phrases of 2008

Schott compiles list of 2008's most memorable neologisms

(Newser) - 2008 will be remembered not only for a historic election and financial gyrations, but for the words and phrases that came into use this year. Ben Schott, author of Schott's Almanac, lists some of 2008's most interesting neologisms in the London Times.
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Fed Hangs Recovery Hopes on Nothing

Cutting benchmark rate to zero points up risks of plenty of nothing

(Newser) - Nada. Naught. Zip. Zero, as in the 0% interest the Federal Reserve is asking banks to pay—or, rather, not pay—for short-term loans. What does getting zero back for loaning money mean, wonders Paul Farhi of the Washington Post. "The strategy is to hose down America's sclerotic financial... More »

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