Word: default
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...those say they are praying. I'm doing some of that, and lots of scrubbing. I discovered yesterday that many others are seeking solace in sugar. At the Safeway last night, there wasn't one pint, not one, of Ben & Jerry's ice cream, not even a default flavor, like vanilla. The manager said he'd never seen such a run on ice cream...
...Michigan number used to move hearts and minds back in the spring, when a recession was constantly threatening to swoop down and savage our livestock. But it?s become sort of the default conventional wisdom that consumers? walletary outlook, while probably past its peak, is on the gentlest of downward slopes - and that business-centric numbers like inventory and production are the other shoe worth watching...
...should we worry? Because the U.S. economy's ability to take a punch isn't as great as it was in the late 1990s. Then we were swept up in the most powerful expansion in modern history, and a Russian debt default or even the Asian crisis of 1997 couldn't stop it. Now, with the U.S. economy ailing, the damage from the same kind of crisis gets magnified. Here...
...What It Means to the U.S. Beware contagion. Argentina will not be able to service its debt much longer. "A technical default is all but inevitable," says a banker. But the danger to the U.S. is not so much Argentina as the spillover. Brazil and Mexico are the critical economies south of the U.S. border, and Mexico's is in a recession. U.S. bank exposure to Argentina as of March was about $12 billion; now add Brazil's $24 billion and Mexico's $18 billion. During the past decade, thousands of U.S. firms have invested heavily in Latin America, buying...
...found it hard to credit, until I visited Sun's Java page - and sure enough, the spinning test molecule was not there. Okay, so Java won't become the default cross-platform operating system McNealy envisioned any time soon, but we're still talking a great big chunk of the web. How does Microsoft hope to get away with this...