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They also said they would try to avert some of the drastic rate increases Florida homeowners have seen because of hurricanes.
The railways exploited the difficulties of the canals by drastic rate cutting that forced many canal companies to sell out to them.
Wall Street traders and investment bankers are counting on drastic rate cuts to help make stock prices rise, says Albert M. Wojnilower, a consultant to Craig Drill Capital, a hedge fund.
Mr. Greenspan, in his last act as Fed chairman on Tuesday, came close to wrapping up his final major policy challenge: gradually reversing the drastic rate reductions that he had used to fight the recession of 2001 as well as the fallout from terrorist attacks and corporate scandals.
Though Trichet suggested at Davos that the bank was willing to bring in drastic rate cuts, he strongly hinted that they wouldnt happen until March.
Even though there are signals that the job market deterioration is slowing Novembers nonfarm payrolls figure was far better than anticipated and temporary hiring seems to be stirring a hiring pickup is sure to be far more protracted and drawn-out than the drastic rate at which jobs were cut.
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For one thing, in the computer business Moore's law has been accompanied by "Moore's curse," Mr. Gupta said, which has meant that as computing power increases, prices fall at ever more drastic rates, cutting the profit margins of manufacturers.
Forest disturbance and transformations into agricultural land alter tropical landscapes at drastic rates.
"My bet would be that we would see even more drastic rates of extinctions," says Zaman. "Research has shown many times that parasites are important drivers and maintainers of diversity".
I suspect that it will be nearly universally adopted -- or the private insurers, in an effort to prove it is unnecessary, will keep their premiums from rising at such drastic rates.
Russia's central bank made a drastic interest rate move overnight, raising its key rate from 10.5% to 17%.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com