He calculates that a 10% drop in the euro has the same impact on growth as a one percentage-point cut in interest rates (assuming that long-term rates also adjust).
Their compensation has proved so controversial that, at one point, fees were cut after creditors complained.
Chicago trailed by 28 at one point, and only cut the final deficit to 17 by outscoring the Nets by 10 in the final frame.
The cut Wednesday comes less than one month after another half-point cut, that time coordinated with central banks around the globe.
FORBES: The prime rate will come down, but loans won't go up.
Here's one starting point: Drive smarter and cut 10 minutes off your commute.
There is a further tax cut of greater political symbolism, which is that corporation tax will be cut by one percentage point more than expected in April 2014.
If they agree to cut the budget to one point then almost immediately comes the demand that yet more must be done.
Leicester just about kept Miles Benjamin out, and their resilience was rewarded when Flood cut the gap to one point during first-half injury-time despite his side being down to 14 men with Jordan Crane in the sin-bin.
At one point during Tuesday's practice, he cut in front of Lundqvist and released a shot that sailed over the goalie's shoulder.
In December 2008, the Bank of England cut base interest rates by one percentage point.
At one point, 38-year-old Jerry Stackhouse cut to the basket and dunked over two defenders.
Michael Meehan's point cut Donegal's lead to one after the outstanding Karl Lacey had blotted his copybook by conceding a hop ball for retaliation after Nicky Joyce's dreadful neck-high challenge on Barry Dunnion.
Prime lending rates have fallen one percentage point since June, including a half-point cut Nov. 2.
The result allowed Rangers to cut Celtic's SPL lead to just one point with the Ibrox club beating Motherwell later on Saturday.
Real can now cut the champions' league lead to just one point by winning at home to third-placed Valencia on Sunday night, after which there will be five rounds to play.
The German telecoms giant Deutsche Telekom continued Wednesday's share price fall, sliding 4.8% to a new low at one point on Thursday after the credit rating agency Moody's cut its outlook for the group.
The one-year, 2.0 percentage point Social Security tax cut was enacted a year ago as part of a package that also extended 99-week unemployment benefits for a year, and postponed the expiration of the Bush income tax cuts for two years.
FORBES: Don't Extend The Ill-Conceived, Evil Payroll Tax Cut
England play a seven match one-day series in India, with the cut-off point for automatic Champions Trophy places to be confirmed after the second match.
The European Central Bank has cut its key interest rate by one half of one percentage point, in 17 months.
Second-placed Werder Bremen can cut the gap on Jupp Heynckes' unbeaten side to one point with victory at Cologne on Sunday, having been joined on 27 points by Bayern Munich -- who defeated Borussia Moenchengladbach 2-1 on Friday night.
At one point, a medley of nominated film scores went on so long, the producers cut to an ad break.
Anthony missed 19 straight 3-pointers before hitting a big one as the Knicks stopped the Celtics' frantic rally that cut a 26-point deficit to four in the final period of Game 6.
Among the highest income one percent, the payroll tax cut accounts for only about 0.1 of a point of that total 4.5 percent increase.
After losing money, it cut its break-even point from two-thirds of capacity utilisation to one-third.
Those factors point to the possibility of an interest-rate cut, and Bernanke dovishly raised the prospect of one, but investors seem to have grown tired of waiting.
Then in September, the Fed cut its key short-term interest rate for the first time since 2003 by one-half percentage point from 5.25 percent to 4.75 percent.
One selling point: Instead of an adjustable, long stem for a bike seat, Scott's seat posts are cut and bolted tight (by dealers in the store) to fit the rider.
The Federal Reserve, confronted with a global stock sell-off fanned by increased fears of an American recession, cut a key interest rate by three-quarters of a percentage point on Tuesday, the biggest one-day move by the central bank in recent memory.
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