Israel's Derrick Sharp hit a three-pointer midway through the last quarter to cut Spain's lead to four points at 61-57.
On Monday, he outlined plans to slash another 53, 000 jobs by the end of the first quarter and cut 2009 expenses by 20%.
Jamaica initially rallied at the start of the third quarter to cut the deficit to eight but there was only brief respite for the Sunshine Girls as England reasserted their dominance to lead 50-38 heading into the final quarter.
This week's half-point cut went down badly with share investors, because they wanted a three-quarter-point cut and interpreted Mr Greenspan's more modest offering as a signal that he will do only what the economy requires, not what the stockmarket craves.
It cut 1, 300 people in the quarter and plans to cut 1, 300 more, according to the Wall Street Journal.
In September, Goldman Sachs cut its forecast for GDP growth to 1% for the 3rd quarter and 1.5% for the 4th quarter, while JPMorgan Chase cut its growth projection to just 1.0% for the 4th quarter, and only 0.5% for the 1st quarter of 2012.
Two of its nine members already voted for a quarter-point cut in March.
Making it worse: Financial markets had widely anticipated the quarter-point cut, taking away much of its impact on juicing stocks.
Before this week's liquidity actions, financial markets expected another three-quarter-point cut at the Fed's next rate-setting meeting on March 18th.
The ECB left rates on hold, some were expecting a quarter-point cut.
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But a decision by the Federal Reserve to make a quarter-point cut, say, would do little to help Russia, Brazil or Thailand.
When the bank ironed another wrinkle out of its data in May, it used the correction to justify a quarter-point cut in interest rates.
"If the trends indicated by this survey continue to weaken, a quarter-point cut would be the right medicine sooner rather than later, " he said.
Many Fed watchers had expected a less aggressive quarter-point cut.
Half of City economists expect a quarter-point cut by the end of 2008, according to a Bloomberg News poll on August 22nd, compared with a quarter of them on August 8th.
Sony shares sagged Wednesday morning after it announced worse-than-expected losses in its fiscal third quarter and drastically cut its year-end forecast, a day after announcing that Sir Howard Stringer will step down as CEO April 1.
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It is likely that the Bank will cut rates again next month, perhaps making itself a little less unpopular: when its monetary-policy committee voted for a quarter-point cut this month, for the first time two of its nine members voted for a deeper reduction.
Darren Millar AM said the Welsh government had made a cut of a quarter of a million pounds to the NHS and that this represented "the biggest cut in the history of the NHS".
Councillors in Leeds have agreed in principle to cut a quarter of the trading space at Kirkgate Market.
Since July 1st average third-quarter estimates have been cut from 10% to 6.7%.
Apollo's projection of a flat to low-single-digit increase for enrollment in the most recent quarter led analysts to cut earnings forecasts by 12% to 38 cents, down from 83 cents a year earlier.
WSJ: AHEAD OF THE TAPE: Apollo Group Gets Graded on the Curve
China's central bank cut interest rates by a quarter of a percentage point earlier this month, its first cut since December 2008.
In late January, the Reserve Bank of India cut its policy lending rate by a quarter of a percentage point--the first rate cut since April and the second in about four years--but said it had limited room to ease rates further given India's high inflation and wide current-account deficit.
The decision to cut fourth-quarter production was made in a seven-minute conference call, according to Press.
The groups have estimated that a worker's pension savings might be cut by a quarter as a result.
Costs have indeed yielded to the knife, as the number of employees has been cut by a quarter.
About a quarter of jobs could be cut at a Telford Inland Revenue site, according to a trade union.
Funding has been cut by a quarter and has sparked strong criticism.
Ryder cut its second quarter and full-year guidance on lower rental growth.
FORBES: Biggest S&P 500 Loser Ryder Shows The Economy Is Going Nowhere
Last week, both Texas Instruments (TXN) and Altera (ALTR) cut their fourth quarter outlooks on weaker demand in the markets they supply chips to.
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