Word: central
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...Ladies and gentlemen, we interrupt our program of dance music to bring you a special bulletin from the Intercontinental Radio News. At twenty minutes before eight, Central Time, Professor Farrell of the Mount Jennings Observatory, Chicago, Illinois, reports observing several explosions of incandescent gas, occurring at regular intervals on the planet Mars. The spectroscope indicates the gas to be hydrogen and moving towards the Earth with enormous velocity...
...Federal Reserve cut its benchmark interest rate by 50 basis points to 1% on Wednesday, continuing an aggressive effort to fend off a deep recession. The rate now stands at the lowest level since 2004 - and central bankers signaled that they may resort to more cuts in the months ahead...
...Still, central bankers around the world, in an effort to ward off the worst effects of a global economic slowdown, appear to be engaging in a rate race to the bottom. China on Oct. 29 cut its interest rates for the third time in six weeks, and the BOJ is expected to cut its key policy rate below the current 0.5% soon. Though rates in Japan are already almost nil, Tokyo's hand is to an extent being forced by Washington. That's because as U.S. rates fall, fewer investors are willing to hold U.S. dollar debt, which undermines...
...coincidence that Rendell and the Clintons have been stumping on Obama's behalf in the western and central parts of the state, where a vast swath of rural areas and aging industrial towns have earned it the nickname Pennsyltucky. Clinton defeated Obama by racking up votes in this more culturally conservative region, including the suburbs of Pittsburgh, where Obama's ill-advised comments earlier this year about voters being "bitter" and clinging to "guns or religion" still elicit anger. It's also here where McCain will have to beat Obama by a huge margin to have any chance at pulling...
...opium inside Afghanistan, potentially causing huge complications for NATO's decision this month to attack Afghanistan's opium laboratories and smuggling networks. If it exists, the drug stockpile would also have a major bearing on Afghan officials' tentative peace talks with the Taliban, which are favored by U.S. Central Command chief General David Petraeus and both U.S. presidential candidates...