But a few months ago, Santander, which owned 500 units, started to slash the prices.
The Federal Reserve has been a major force propping up economic growth, even as Washington has started to slash the federal deficit and as droughts and debt crises abroad have taken their toll.
"She went back and really started to slash and burn," Heather White, a Moore scholar at the University of Alabama, who is working on a complete edition of Moore's poems, told me recently.
So, in the course of the year, the government starts to slash spending, and the deficit turns out much lower than forecast: 5.4% of GDP in 1995, maybe 7% last year, who-knows-what this year, given the fierce resistance in the Duma, the lower house of parliament.
Yet since the Fed first started to slash interest rates on January 3rd, the S&P 500 has actually fallen by 10%, the dollar's trade-weighted value has gained 7%, and both bond yields and mortgage rates have remained broadly unchanged.This is neatly summed up by the "financial-conditions index" which Goldman Sachs calculates every day.
And finally, it failed to keep the two from tumbling by not starting to slash rates until early this year.
It's becoming harder to get a mortgage and credit card companies are starting to slash credit lines and tighten lending standards.
In July, Sale, unhappy with his having to wear the always controversial 1976 White Sox pullover beer league softball uniforms during one of his starts, elected to slash the jerseys instead.
In an interview, he urged the government to cut consumer and industrial subsidies starting Jan . 1to slash waste, reduce imports from Russia and boost Ukraine's own gas output.
