Word: bastioned
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...good news is that in the U.S. now, as Richard Berner, chief U.S. economist for Morgan Stanley, writes, "The ultimate bastion of defense against deflation is a Fed committed to avoid it at all costs." And that's what we have. Study of the Japanese experience became something of a cottage industry for Fed researchers over the past eight years, and the Fed has responded accordingly: lending directly to banks, backstopping the commercial-paper market (which companies use to raise short-term money), trying to bring yields on both long- and short-term maturities down. Further, Fed chairman Ben Bernanke...
...voters sent a clear condemnation of keeping active dogs in tight wire cages for 20 or more hours a day. They also rejected the notion that a sport propped up by state-sponsored gambling (a 1986 state law granted the racetracks subsidies and tax breaks) can be a bastion of free market liberalism. The vote made Massachusetts the 35th state to no longer participate in a pastime that, with 800 injuries on this state’s tracks alone since 2002, is one of the few remaining legal blood sports...
Enter Aldi, that spartan bastion of private-label goods where brand names like Coke and Betty Crocker have largely been banished for being too pricey. Aldi concentrates on selling core high-volume grocery products like ketchup and coffee. Want a choice in those categories? Forget it. By offering a single brand in a single size, Aldi executives say, the chain can substantially undercut conventional retailers on 90% of the products it sells...
...actually being close. But this time, the pundits had to speak in a subtle code, saying what they knew without saying what they knew. "Everybody check my math," Keith Olbermann asked the MSNBC panel, defying them to say which state could get McCain to 270 electoral votes. Liberal bastion California? Obama's home state, Hawaii? "You have a jeweler's eye," Chris Matthews told him slyly...
...Dems' volunteer office in Cottonwood is an example of how far grass-roots Democrats have come, virtually on their own. McCain likes to say that his ranch is in Sedona, a liberal bastion that sent an Obama delegate to the Democratic National Convention and will more than likely go for Obama on Election Day. But his homestead is actually in a little town 8 miles from Sedona called Cornville, in Yavapai County. Until recently, it was hard to imagine Yavapai, an old blue collar farming and mill town that used to supply the nearby copper mines, ever voting...