Word: bottom
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...interest rates are higher, thus creating a short-term opportunity for traders. Here's how it works with a currency like the Indonesian rupiah: the six-month London Interbank Offer Rate (or LIBOR, the benchmark for U.S. dollar borrowing), is now hovering at slightly less than 1%. That rock-bottom rate stands in stark contrast to the 6.5-7% rate of interest one can get from a short-term money market bill in Indonesia, where the 5-year government bond currently yields roughly 9%. The wide gap between the carrying costs of the two currencies is what is fueling...
...slot on the newly expanded, 10-title list of Oscar nominations for Best Picture. Nor did any of them except The Hangover earn money-quote lines from the critical establishment. But they underline the importance of comedies and action films to the one line Hollywood cares about: the bottom. (See TIME's snapshot: "Animated Movies for Adults...
...this led investors to believe a bottom had been reached, says Curran. Many investors may wrongly think the housing sector will see the normal trajectory off the bottom, but that isn't the case, he says. "We still have high foreclosures that will persist into next year, high inventory, an unstable economy and high levels of unemployment" that will prevent the sector from rebounding quickly, he says. (See 10 things to buy during the recession...
Given all the science that tells us about empathy in animals and in ourselves, why do you think the idea persists that at bottom we're competitive backstabbers? It was established at the beginning of the Industrial Revolution, when probably it was useful to have a picture of humans as competitive and to base the capitalist system on that image. And in doing so, a lot of political ideologues and economists started to forget that we are also a highly social species. The founder of economics, Adam Smith - to his credit - did realize that if you build a system completely...
...bottom-line junkies in Hollywood may look at the middling grosses of Willis's non-hits, and the man's hefty price tag, and conclude that they can do as well with somebody younger and cheaper. But none of today's kids can give an action role the experience, the ingrained grittiness, that he can. There's simply no surrogate for Bruce Willis. As a star and an actor, he's the real, irreplaceable thing...