Word: boarded
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...will about today's global economy, it ain't dull. In a cascade of worry on a single trading day, Jan. 21, Hong Kong's Hang Seng index plunged 8.6%, Tokyo's Nikkei 5.7% and Mumbai's Sensex 12.9%. It was a worldwide mini-meltdown, and the Federal Reserve Board wasn't about to let that go unanswered. Before the U.S. markets had even opened, Fed Chairman Ben Bernanke - not a man known for dramatic gestures - slashed a key interest rate three-quarters of a percentage point. The surprise move arrested the rout, and the markets have since rallied...
...former chairman of the U.S. Federal Reserve Board famously described his job as "taking the punch bowl away just when the party is getting good." Current Fed chief Ben Bernanke wishes that description still applied. With stock markets reeling worldwide and recession looming in the U.S., the world's largest economy, Bernanke's Fed is frantically ladling out punch in the form of interest-rate cuts - even though almost everyone already has a brutal hangover...
...first hurdle to becoming law. Bush has always opposed mandatory carbon caps and could veto the bill. But with climate change becoming a bigger issue in this year's presidential and congressional elections, even Bush might find it hard to do that. "You have Republicans and Democrats getting on board with this," says Eileen Claussen, president of the Pew Center on Global Climate Change, "and the reason why is because the public is increasingly there already...
Emergency airplane evacuations happen more often than most people think: about once every 11 days in the U.S., according to a 2000 report by the National Transportation Safety Board. Some situations are more dire than others, of course, as when the plane is on fire, but in many cases, the biggest challenge of an evacuation can be the airplane slide...
...think it is fair to say the Republicans were the party of ideas for a pretty long chunk of time," Barack Obama recently told a Nevada editorial board. The Senator took some notable, if not quite accurate, grief from Hillary Clinton over that: she said he was expressing support for Republican ideas (clearly, he wasn't). But what did he actually mean? People - and not just Republicans - have been calling the GOP the party of ideas for nearly 30 years, since Ronald Reagan transformed the mushy, defensive conservatism of his party into a sleek ideological message celebrating individual freedom, military...