Word: alanes
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That has Fed chief Alan Greenspan mildly concerned. When stocks fall, margined portfolios fall faster. What should make him lose sleep, though, is knowing that home-equity loans--now shooting beyond $500 billion--account for an unknown level of further market speculation. When home values and stocks rise together, "the gains from each help finance the other," he noted last November. If it turns out that rising home values are being mortgaged to prop up stocks, a crack in the stock market could hit home values hard...
...debates only serve to reaffirm voters' preconceptions about their chosen candidate," says TIME political correspondent John Dickerson, "and this was one of those debates. Both McCain and Bush did fine: Bush did well on education, and McCain got his point across on foreign policy." Through the now-familiar exchanges, Alan Keyes stood to one side like an older sibling, shaking his head; at one point he turned to the camera with a bemused look and asked, "It's clear I'm the only true conservative running today. So why aren't you out there voting for me?" Keyes, of course...
...least, not yet," added Crimson President Alan E. Wirzbicki...
...ALAN E. WIRZBICKI
Have you seen this man? Missing: Alan L. Keyes, age 49, Republican candidate for president. Last seen in New Hampshire. Reportedly still in presidential race. If spotted, call the Washington Post...