Word: digestable
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When the first food pyramid--an easy-to-digest graphical hierarchy of what we should be eating--was introduced in 1992, it seemed broad enough to cover everyone. Since then, however, variations have proliferated: pyramids just for children, for vegetarians, Southerners, Native Americans, Italians, Chinese, Indians, Mexicans and so on. Dietitians have created for us a virtual Nile Valley of nutrition...
...private sector. Dining with Summers at the Jefferson Hotel, Rubin's Washington residence, he broke the news that he was leaving. Rubin felt strongly that the announcement of his departure and Summers' succession should be simultaneous. The Secretary also wanted to allow financial markets a full trading day to digest the news. Allaying market anxieties as well was an uncharacteristically non-opaque endorsement from Alan Greenspan reassuring Wall Street that Greenspan and Summers, whose friendship is well documented, have a close working relationship...
...which most world leaders are plugged into hundreds of sources of information, from CNN to their own intelligence reports, Yeltsin's worldview is shaped largely by a daily press digest of about 17 pages. Whether he looks at it is another matter: a succession of aides have complained that he is loath to read. It is equally hard to persuade him to watch the TV news. Meanwhile the circle of people who have unfettered access to him is strikingly small. The circle consists of his former chief of staff Valentin Yumashev, who still wields enormous influence from the shadows; Yeltsin...
Sources: Beverage Digest, AAA, Information Resources Inc., Beverage Marketing Corp., Starbucks
Moved PermanentlyMoved PermanentlyFortune Investor DataThe overall outcome? Don't sweat it, folks. "Once they digest this news, the markets will go right back up," says TIME senior economics reporter Bernard Baumohl. "What they'll realize is that only once in recent memory did the Fed actually raise rates following a bias shift in that direction." Of course, this walk-on-water economy of ours hasn't given Greenspan cause to raise rates in quite a while either; the fear is that that could change. Baumohl says Greenspan, as always, will wait and see. "Those price numbers were just the whiff...