Since the end of 2000 short-term rates have been cut more than five percentage points in the U.S.--compare that with two points in the Eurozone (and in the U.K.) and only a quarter-point in Japan.
The results of this 2004 action were immediate and massive. 401k plans that had been receiving 50 to 100 basis points in revenue sharing from non-proprietary funds were cut to a maximum of 25 basis points for fixed income funds and a 35 basis point maximum for equity funds.
FORBES: "Capping" 401k Revenue Sharing: Record-keepers Block Rebates To Participants (May 19,2008)
Iman Shumpert scored 15 of his 17 points in the second half, when the Celtics cut a 75-49 deficit to four points.
Both teams were playing with real ambition and when Cipriani landed a penalty either side of half-time to cut the gap to six points it looked as though a cliff-hanger was in the works.
Iman Shumpert scored 15 of his 17 points in the second half for the Knicks, but the Celtics cut a 75-49 deficit to four points.
Iman Shumpert scored 15 of his 17 points in the second half, when the Celtics scored 20 straight points and cut a 75-49 deficit to four points.
Raymond Felton's banked 3 gave the Knicks a 25-15 lead with two minutes left in the first but Anderson scored five straight points as the Raptors cut it to 25-22 after one.
Trailing by 17 in the second half, Strickland scored 10 of 12 points in a run that cut it to a five-point game.
Syracuse couldn't keep the Fighting Irish down any longer than that, though, as the Orange saw their 15-point lead cut to three points by halftime, then fell behind early in the second half and never recovered en route to a 79-68 loss to the Irish.
Hamilton's lead over McLaren team-mate and defending champion Fernando Alonso was cut to four points after he slid off in the season's penultimate race.
BBC: SPORT | Motorsport | Formula One | No more slip-ups, vows Hamilton
After trailing by as many as 30 points early in the second half, the Grizzlies cut their deficit to 103-99 on Tony Allen's two free throws with 33 seconds left.
The Brawn driver finished fifth behind a Red Bull one-two at Sunday's German Grand Prix to see his lead in the championship cut to 21 points.
On October 8th the Bank of Canada cut its benchmark interest rate by 50 basis points (to 2.5%) in a co-ordinated move with the other main central banks around the world.
ECONOMIST: Economic fears ambush Stephen Harper��s hopes of a majority
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