Word: bonding
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...headed for recession. Many expected the Federal Reserve to lower interest rates. Suddenly the great concern is that the economy may be growing too fast. Earlier this month, the Commerce Department reported that the economy grew at a rate of 2.8% during the first quarter of the year. The bond and stock markets treated this very good news as if it were an unwelcome visitor, and declined sharply. Fickle behavior in financial markets is nothing new, but this latest episode illustrates a deeper problem...
...author rarely pushes beyond the most obvious implications of his overflowing subject matter. Still, this is a book of many pleasures, not the least of which is the credibly fraught bond between its two protagonists: Patrick Keane, a scholarship student at a New England prep school, and his roommate, the Afrophilic son of a rich and corrupt white Southern family, the Savages (hence the unfortunate title...
...HARD (May 24). Leslie Nielsen in another spoof--not by the brothers Zucker, but you wouldn't guess that from the trailer. This one is James Bond with some Speed gags thrown in: the bus driver is Ray Charles ("Next stop, Melrose--I think"). No way to tell if the humor is sustained, since any farce will have enough decent gags to stock a trailer...
...references to her, we never get to see, let alone know, Angelo's mother, and we learn very little about the Marquis de Theus. The relationship between the two characters we actually see is the strongest part of the movie, in what it leaves unsaid--the silent bond between them, and the growing sexual tension which Angelo refuses to confront...
...inflation is at the lowest level in 30 years," says TIME's Bernard Baumohl. "This shows that this growth is not necessarily inflationary, the economy can continue to grow and there won't be any reason for the Federal Reserve to raise interest rates." Interest rates soared on the bond market today because of the fear that the strong economic figures will lead to the build-up of inflationary pressures, especially before Friday's key employment data which could heighten inflationary fears. "The bond market reacts badly whenever the economy grows significantly above two percent because it fears inflationary pressures...