Word: bogeyman
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...virtual tax on consumers and businesses means only one thing - higher prices, without higher profits or faster growth. High energy costs will force Alan Greenspan to step in with interest-rate hikes much sooner than he would like in order to control prices and avoid that 70s bogeyman, stagflation. The very thing that is helping the Middle East push those energy prices up - the nascent U.S. and global economic recovery - could be those price hikes' first victim...
When U.S. steelmakers raise the bogeyman of unfair foreign competition, one firm they have in mind is POSCO of South Korea, which last year passed Japan's Nippon Steel to become the world's top producer. Churning out 27.8 million tons of steel products, POSCO earned $620 million, with exports accounting for 25% of revenues. But does it owe its competitive edge to government handouts? Its ties to Seoul are certainly cozy, and its exports still face countervailing duties abroad, to offset subsidies it received years ago. But analysts say POSCO now operates independently and succeeds through smart management...
...enemy of the people, Lev Trotski proved indispensable to the regime he had helped install. Back in 1929, Stalin forcibly exiled the erstwhile Bolshevik Number 2 from the Soviet Union, and turned him into the epitome of all the horror that threatened the Soviet Motherland, the bogeyman that the people must rally around the Vozhd to oppose. Moscow show trials were built on alleged ties of the "criminal trotskiite underground" to their exiled principal. All the ills and failures of the Soviet society were explained by the plotting of "trotskiite wreckers." Even after Stalin's agent murdered Trotski with...
...types of rumors commonly emerge following a catastrophe: wish-fulfillment rumors, bogey rumors and wedge-driving rumors. The old man's debris ride to safety is a classic wish-fulfillment rumor, as is the story that Osama bin Laden is dying of liver cancer. Bogey rumors (derived from the bogeyman) are based on fear. Poisoned reservoirs, anthrax attacks, the visage of Satan in the World Trade Center smoke and the Klingerman virus (which supposedly arrives through the mail on a sponge in a blue envelope marked "A Gift for You from the Klingerman Foundation") all play on our fear...
...bolting as he tries - for real this time - to erase the one money edge they have over the Republicans. Hagel and Bush are wooing wafflers with the political cover of a watered-down version, possibly (more gossip) in exchange for tax-cut votes. Even Mitch McConnell, reform's staunchest bogeyman, has a proposal - a shutoff mechanism for the soft-money ban if the outside advertising provision is found to be unconstitutional on free-speech grounds...