Word: deeps
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...Bhutto's assassination highlights once more the deep contradiction between the U.S.'s stated aim of advancing democracy around the world and its actual practice of backing friendly dictators like President Pervez Musharraf when it suits U.S. interests. The Bush Administration will retreat to its co-dependent relationship with the dictator, regarding him as the only remaining bulwark against a Taliban-style fundamentalist theocracy armed with nukes, and will probably flirt no more with any notion of a truly democratic Pakistan. These chickens will one day come home to roost. Mark C. Eades, Oakland, Calif...
...Indiana.Nah. When I wrote the book I didn't even know if it was going to get published. I had no idea what impact the book would have, especially among black Americans. I'm thrilled that it has. It's a very accurate portrayal of racial relations in the Deep South...
...former chairman of the Federal Reserve Board famously described his job as "taking the punch bowl away just when the party is getting good." Current Fed chief Ben Bernanke wishes it were so. With stock markets around the world reeling, and with a deep housing slump in the United States crippling growth in the world's largest economy, Bernanke's Fed is now frantically ladling the punch out - even though almost everyone already has a brutal hangover. The Fed's surprise January 22nd rate cut - it slashed its key interest rate three quarters of a percentage point, and signaled that...
...crucial question is whether the country's policymakers - in particular the Federal Reserve - are capable of steering the economy between the twin risks of a painfully deep recession and yet another bout of unsustainable, debt-fueled consumer spending. There seems to be little controversy over whether the Fed should ease rates, but there's lots of controversy over when and how much. The Jan. 22 rate cut came as a shock, but it did seem to calm the markets, if not buoy them...
Bhutto's assassination highlights once more the deep contradiction between the U.S.'s stated aim of advancing democracy around the world and its actual practice of backing friendly dictators like President Pervez Musharraf when it suits U.S. interests. The Bush Administration will retreat to its co-dependent relationship with the dictator, regarding him as the only remaining bulwark against a Taliban-style fundamentalist theocracy armed with nukes, and will probably flirt no more with any notion of a truly democratic Pakistan. These chickens will one day come home to roost. Mark C. Eades, OAKLAND, CALIF...