Word: alanes
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Though the market dropped after the bell rang, earlier predictions of panicked selling were thankfully proven false. Federal Reserve Chair Alan Greenspan acted forcefully to maintain confidence, making half-point cuts in the interest rate to provide easier credit to businesses. The European Central Bank quickly followed suit, leading to a rally rather than a decline in European markets...
Success in competitive running comes from pushing yourself hardest when your body is most exhausted and when the rewards are most distant. It comes from all those weekend and early-morning runs alone, without teammates to spur you on. Those who have trained with Alan say his efforts in practice are even more impressive than the record he set. As amazing as his 3:53.43 was in May, it is possible his best races are yet to come. His toughest challenge now may be the burden of high expectations...
Many will be watching to see how he performs in college. He must be sure to allow himself to develop at his own pace, not to get caught up in other people's hopes for the 2004 Olympics or future world records. From what I've seen of Alan, he will deal with the spotlight just fine. He is level-headed and confident in his God-given abilities and seems ready to build on his early successes...
...into bonds, money-market funds and savings accounts. That's not quite the mattress, but as the bedrock of Americans' retirement goals--401(k) assets--keeps withering, you can practically hear the people wail, "Where, oh where, have you gone, Bob Rubin? What, oh what, will you do, Alan Greenspan...
...often that Wall Street sells off 6 percent on a morning that Alan Greenspan cuts interest rates by 50 basis points before the bell, the ECB follows suit, and the SEC, looking to make sure somebody has a reason to buy, loosens its controls on companies buying back their own stock. But as pipe dreams of a patriot?s rally quickly went up in smoke, it became clear before long that this wasn?t going to be a coward?s panic either. The losses stabilized by late morning and actually bounced a bit off their lows before slipping again...