Word: chunk
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...choices when the best solutions might involve a mix: more liberalism where best, intervention when necessary," he explains. But that mix can seem a bit muddled at times. Behold the believer in free markets. As Finance Minister, on Sept. 1, Sarkozy decided to sell off a €4.6-billion chunk of France Telecom, reducing the government's stake to under 50% for the first time; on Sept. 2 it was finished. Last month he moved to waive inheritance taxes on sums below €100,000 per estate, suspended a 3% corporate tax, and withstood stiff protests from unions...
...hydropower that keeps refrigerators and home computers humming. Caught off guard, political leaders and water-resource managers have been turning to scientists for help. What do researchers know about patterns of drought in North America? What do they think occurred in the mid-1990s when a big chunk of the West abruptly veered from wet to dry? And do they believe that the current shortfall of precipitation is just a temporary dry spell or an ominous realignment of the earth's climate system...
...snow at higher elevations. Thus, a city like Reno, Nevada, gets, on average, just over 7 in. of precipitation a year, vs. some 70 in. at the top of nearby Mount Rose. During the 1950s drought, for example, a very large portion of the West, along with a big chunk of the Southeast and Great Plains, experienced long-term shortfalls of both winter snows and summer rains. "This is the kind of drought we worry about a lot," says Betancourt--and it's the kind of drought that the present configuration of sea surface temperatures in the North Pacific...
...HOUSE—The Bible tells us that a house divided against itself cannot stand. But this one’s made it through the summer, minus a chunk that fell out of the decades-old roof...
...rates hovered at abysmal levels, some investors boosted returns with near cash equivalents, such as ultrashort-bond funds, which returned an average 0.93% over the past year, about double what money-market funds did. If you have a chunk of cash you won't be tapping for a year or so--perhaps college-tuition bills are on your horizon--you might try a fund like SSgA Yield Plus, with a 30-day yield of 1.17%, or Fidelity Ultra-Short Bond, yielding 1.33%. Just remember: as rates rise, bond prices fall, offsetting some of that extra yield. And if you sell...