Word: dipping
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...line starting in Manhattan, crossing to Elizabeth, N.J., and winding through Washington, Chicago and St. Louis. The handholders will bypass the Rockies by swinging south through Fort Worth to Phoenix, then on to Los Angeles, where the last person in the chain will dip a toe in the Pacific...
After a glass of sangria (red or white, with the added touch of a cinnamon stick), the first thing on your table should be the guacamole ($8.50). Prepared while you watch, the fresh-tasting, perfectly chunky dip comes in a large, roughly carved stone bowl. Ours had a pig’s face on it, an appropriate symbol for our actions after we received the accompanying basket of crisp tortilla chips...
...squeezed by shrinking oil revenues. The kingdom currently earns only $37 billion annually from oil, vs. $100 billion four years ago. One result: its budget deficit for 1983 and 1984 totaled $22 billion. Its trade deficit is also large, $20 billion per year. So the Saudis have had to dip into foreign-exchange reserves, estimated at just under $100 billion, that were built up during the oil rush...
...party system. In making their decisions, the conservatives who run the White House, the Senate and the House of Representatives need not, and do not, consider the minority Democrats. For now, all potent opposition will come from disgruntled Republicans. Though the President's approval ratings have ebbed lately, the dip has more to do with political missteps (a Social Security overhaul, the Terri Schiavo adventure) than with any radio chorus of nattering nabobs of negativity...
Even if Buffett emerges clean, as many believe he will, the concept of a revered, trust-me CEO is RIP. For decades, Wall Street prized corporate leaders who could dip into their financial black box and deliver steady, no-surprise earnings, even if investors had no idea precisely how those magic numbers were reached. That changed after dazzling bookkeeping (later found to be fraud) at Enron and WorldCom led to the destruction of billions of dollars of wealth. In today's regulatory climate, uncanny consistency invites scrutiny...