Word: coma
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...Inflation is technically the Fed?s chief enemy, but at a time when the world?s economies are in various states of slumber, from the U.S.? hangover to Europe?s lethargy to Japan?s coma, deflation is its worst nightmare. Deflation happens when people simply refuse to buy stuff, and any money that gets put into the economy by the central bank just sits there, unborrowed, uninvested, unspent. And there?s almost nothing a Greenspan can do about it, except wait. (Hey - he's fine. He invested in Treasurys in 2000 and beat the Street by a mile...
...prop prices. In Europe, the single-currency system called the euro may be fighting for its survival if stagflation continues to cripple the region. And in Asia, Japan's new Prime Minister is struggling to carrying out his ambitious reform to revive economic growth. Failure will deepen Japan's coma and take Asia with...
...stocks and bonds alike with the prospect of cheaper money and stimulated corporate investment. And bad news there was - the Conference Board reported that consumer confidence fell in a July of stagnant stock prices and rising layoffs, and the National Association of Purchasing Managers said that manufacturing, in a coma for many months now, was still getting worse...
Dave and Claire Arbogast found out about the attack when Vance called them from the rangers' station. It's the second time an Arbogast child has knocked on death's door. In 1994 Dustin spent more than a week in a coma after a car wreck. Now 17 and recovered, he is the family's living hope for Jessie's recovery. Friends who know Jessie talk about a tough kid, one who can hold his own in debates with grownups about the sun and stars, but who is happy to shoot squirt guns and swing from oak trees. When...
...Still, Koizumi's critics and supporters both agree on one thing: to lurch out of its coma, Japan needs to tackle its irretrievable bank loans. Estimates vary wildly on just how much is at stake: of $3.8 trillion in total loans, banks may have to kiss goodbye to anything from $250 billion to $1.2 trillion. "To wipe out the debt," Koizumi said recently, "we must be firm...