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Possible Answers:
TED.
Last seen on: Daily Boston Globe Crossword Tuesday, 27 June 2023
Random information on the term “Cheers”:
Glen Gerald Charles (born February 18, 1943) and Les Charles (born March 25, 1948) are American screenwriters and television producers, best known for Taxi and Cheers.
The Charles brothers attended University of Redlands. Glen graduated in 1965, and Les graduated in 1971. Glen began his professional life as an advertising copywriter but moved into television. Both Glen and Les began their television careers together as writers for M*A*S*H. They later wrote for The Mary Tyler Moore Show, Phyllis and The Bob Newhart Show, and were head writers and producers on the TV series Taxi. They then formed the Charles-Burrows-Charles production company with James Burrows, and created and produced the television series Cheers. The brothers also co-wrote the screenplay for the 1999 film Pushing Tin. Both were credited in every episode of Frasier as the creators of the “Frasier Crane” character from Cheers.
Cheers is a sitcom that ran on NBC from September 30, 1982, to May 20, 1993, with a total of 275 half-hour episodes for eleven seasons. The show was produced by Charles/Burrows/Charles Productions in association with Paramount Network Television. The show is set in a bar named Cheers in Boston, Massachusetts, where a group of locals meet to drink, relax, and socialize. The Cheers finale aired on May 20, 1993, and was watched in an estimated 42.4 million households across the country.
Random information on the term “TED”:
The TED spread is the difference between the interest rates on interbank loans and on short-term U.S. government debt (“T-bills”). TED is an acronym formed from T-Bill and ED, the ticker symbol for the Eurodollar futures contract.
Initially, the TED spread was the difference between the interest rates for three-month U.S. Treasuries contracts and the three-month Eurodollars contract as represented by the London Interbank Offered Rate (LIBOR). However, since the Chicago Mercantile Exchange dropped T-bill futures after the 1987 crash, the TED spread is now calculated as the difference between the three-month LIBOR and the three-month T-bill interest rate.
The size of the spread is usually denominated in basis points (bps). For example, if the T-bill rate is 5.10% and ED trades at 5.50%, the TED spread is 40 bps. The TED spread fluctuates over time but generally has remained within the range of 10 and 50 bps (0.1% and 0.5%) except in times of financial crisis. A rising TED spread often presages a downturn in the U.S. stock market, as it indicates that liquidity is being withdrawn.[citation needed]