Word: bustingly
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...parsers in New York, Greenspan spent the rest of his remarks summarizing for Washington the economic story of the past several years - making sure to mention what difficult ones they were to be in charge of U.S. monetary policy. He took lawmakers through the boom and the bust that followed so closely behind, from the inventory imbalances to the layoffs to the housing market to the high-tech bubble. He even lingered a moment to explain - again - why that last 50-point rate hike in May 2000 was a good idea at the time...
...their compatriots out of business except Daewoo, which is sputtering. As Korea lurched toward democracy and full-scale industrialization in the late 1980s, labor unrest worsened quality problems in carmaking and other industries. The Asian financial crisis struck another blow in 1997. Kia (then independent) went bust, to be absorbed by Hyundai. Daewoo, Korea's second largest automaker, filed for bankruptcy last year with estimated debts of $17 billion. Its fate now depends largely on whether General Motors can negotiate a takeover...
...analysts' mouths - especially the digestible version that most of us deal with - is drivel anyway. Like the ratings system - "Sell" ratings make up less than 2% of all ratings, with ratings like "hold," "neutral," or "market perform" standing in for the s-word. And the dot-com bust routinely saw stocks fall as much as 90% from their high before analysts removed their "buy" ratings...
...Internet bust has sharpened attention on Wall Street's myopia anew. Credit Suisse First Boston, which underwrote the world's hottest IPO--VA Linux Systems--is at the center of a kickback dustup. At least three government agencies are investigating who got what and whether outsize fees later paid to the firm constitute an illegal payoff. Lawsuits are piling up faster than dead dotcoms...
...some of the gains in productivity that had been touted as major achievements of the New Economy. Such gains stemmed from spending for technology that allowed a growing number of employees to work faster and smarter--a process that economists call capital deepening. But "as the investment boom goes bust," says William Dudley, chief U.S. economist for Goldman Sachs, "there is going to be less capital per worker, and you will lose that increment in productivity...