Word: autumns
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...After a final push downward last October, most rates bounced back so quickly that many consumers couldn't seize the moment. Now rates are even lower than they were last autumn, and they may be headed lower still. Lehman Bros., Goldman Sachs and Deutsche Bank all predict that the benchmark short-term federal-funds target rate - at just 1.75% - will go to 1% by the end of the year as Fed Chairman "Sir" Alan Greenspan (soon to be knighted for his role in the global economy) dons armor against the double-dip recession dragon. A quarter-point cut could come...
American confidence is more than a state of mind; it is a muscle, a westward-ho-ing, atom-splitting, moon-landing muscle, and Osama bin Laden's autumn ambush, designed to break it, seemed only to make it stronger. The markets reopened within a week after Sept. 11, swooned and then revived, and even as the fires still burned downtown and the soldiers headed off to war, more Americans said they believed the country was on the right track back in October than felt that way last week. Is it possible we could do to ourselves what our worst enemies...
...feared that if the architect of Turkey's multibillion-dollar IMF rescue package were to go, so might the economy. Short of an Ecevit resignation, parliament might be recalled to pave the way for new elections - due in April 2004, but almost certain to be held in late autumn. There lies the road ahead for Turkey as it recovers from the political earthquake triggered on July 8, when Ozkan set off the wave of resignations. With the country's economy on life support and investor confidence badly shaken, Cem and Dervis are - with their considerable international credibility - critical to Turkey...
Back in the dark, scary days of autumn, top law-and-order men like John Ashcroft and Tom Ridge pinned little silver sheriff's stars to every American chest and told us to be vigilant, form neighborhood watch groups and report anything suspicious. The 911 lines promptly jammed, local cops chased flocks of wild geese, and no one felt much safer...
...visible from Gagarin Park. There, hip-high wildflowers in full bloom come close to overpowering visitors with their intoxicating scents, a welcome change from the dusty streets of Yuzhno. For those who would rather hunt wildlife than simply admire it, Sakhalin has large brown bear and Manchurian deer populations. Autumn is the main hunting season, and permits for firearms are available through Intourist. It also arranges a five-day fishing trip on the Chamga River during the salmon spawning season, all-inclusive for about $750. For those with a bigger budget, Intourist can organize a summer fishing vacation...