Word: assets
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...meltdown of tech and Internet stocks in 2000 and the terrorist attacks of Sept. 11, 2001, the U.S. Federal Reserve Board cut the Fed fund rate from 6.5% to 1%. The easy availability of low-cost loans triggered a dramatic rise in borrowing, which lifted the prices of all assets, including stocks, real estate, commodities, bonds, art and wine. As U.S. consumption boomed, the nation's trade and current-account deficits exploded. But when economic growth is dependent on accelerating debt growth, the supply of money and credit has to continue accelerating in order to keep the good times rolling...
...Noorzai case is a perfect example of this Administration's botched war on terrorism and the Drug Enforcement Administration's handling of the incredibly stupid war on drugs. Haji Bashar Noorzai could have been a real asset in rooting out the Taliban. Intelligence on the ground is a most valuable resource. Has Noorzai's arrest really made a difference in heroin production? U.S. taxpayers will now have to spend millions to prosecute and detain him. The U.S. could wipe out the drug trade tomorrow by legalization and taxation, which would take away the enormous profits earned in illicit trade...
...imaginary political balance sheet, Cheney is the Democrats' most valuable asset. And reversing that situation is getting close to impossible. Cheney recently made his weekly pilgrimage to the Senate, where he had lunch on March 6 with Republicans. He took his usual seat on one side of the stately Mike Mansfield Room and watched the proceedings quietly. Various Senators came by to ask him about his health after a blood-clot scare the day before. Others quietly lent support in the wake of that morning's four-count guilty verdict of Cheney's top aide, I. Lewis "Scooter" Libby...
...Alabama's only Muslim State Congressman, Yusuf Abdus-Salaam cited Obama's Muslim connections as an asset for a world leader. "He would build relationships with the Muslim world, Africa, Asia and Europe...
...requirements halfway through their senior year,” Fowler-Finn said. And CRLS students won’t be the only ones benefitting from the new opportunity. “We have some really smart kids in Cambridge, and I’m sure they will be an asset in Harvard’s classes,” Walser said. —Staff writer William M. Goldsmith can be reached at wgoldsm@fas.harvard.edu...