Word: dampens
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...signs of a slowing economy. As Bernanke himself pointed out, the housing market is cooling, consumer spending is down because of high energy prices, and jobs aren't being created nearly as quickly now as they had been over the past couple of years. Higher interest rates tend to dampen all three of those barometers of economic strength. So if they are already dampened, the thinking goes, the Fed won't raise rates. But, in the same speech, Bernanke came out swinging against inflation, saying that the Fed would be "vigilant" and that the core inflation rates of 3.2 percent...
...conservative RedState.com "I don?t say that in a pejorative way. I think that?s great!" Moulitsas?s enterprise was in fact the inspiration for Red State, right down to identical software and a spirit of embattled community. A much smaller, less profitable community, Krempasky admits. This does not dampen his admiration for Moulitsas? success. "Maybe it?s a lesson that the left is learning," says Krempasky. "One of the best measures of success in any venture is profit and loss. If you can create a business model that can fund things that you care about, all the better...
...once did with the traditional press. This process is likely to be hindered by the ease with which new media voices can establish and reestablish themselves—long-term authenticity can be more painlessly sacrificed for short-term gains. In the meantime, bloggers should by no means dampen their passion for the issues. Rather, they should be conscious of the claims they make and how well they adhere to them. And we, as a responsible public, should do the same...
...Mardi Gras showed, Hurricane Katrina couldn't dampen New Orleans' spirit. Now volunteers nationwide are working to keep the party going for prom season. Denise Marhoefer, an Indiana woman who is coordinating a national fund-raising and gown-collecting drive for the Jesuit high school proms in May, will fly in flowers and 70 hairstylists. Maryland's Marisa West, 17, below, gathered more than 2,700 dresses for six schools in Louisiana and Mississippi, including New Orleans' Cabrini High. One Cabrini girl who picked a dress last week was Ryan Lefrere, 17, whose grandmother had been planning to stitch...
...After an initial period of shock, complete paralysis gripped policymakers?and for an agonizingly long period the economy contracted. The initial policy reflex to raise interest rates, curb investment and dampen consumption rendered a dire situation worse, just as similar Hooverite measures had once done in the U.S. In the late 1990s, with social and political upheaval at hand, Japan was finally jolted into action. To quell a threatening run on the banks, the government declared that it would guarantee every deposit in the country, and injected trillions of yen into the financial system. Still the economy failed to respond...