Word: dismalness
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...rate of return of 7% a year (or even if it gains a more modest 4% a year), such cuts would be painless because most beneficiaries would retire with more money than they would otherwise receive under the current system. Giving workers private accounts should also help boost the dismal national savings rate...
...Until that magical day, uncertainty is tying traders in knots, and the techs will keep bouncing unpredictable around their current semi-dismal levels. One proprietary trader (essentially, a day trader who works for someone) threw up his hands yesterday and took the rest of the week off to play golf...
...biggest news of the day was that its announcement came in about two minutes earlier than usual. The market will go on worrying about earnings and trying to figure out whether it wants to finally mount a real rally after a dismal year for the Street. And everybody - maybe even the voters - will be a little on edge until this whole election thing blows over. Wall Street, more than ever, is confused about this election. Gore is attracting support unusual for a Democrat as the techie representing the eight-year economic boom, while Bush's tax cut worries some investors...
...sort of wide statistical net that hardheaded academics favor and Wallerstein eschews as too impersonal. While Amato agrees with her about divorce's "sleeper effect" on children--the problems that crop up only after they're grown--he finds her work a bit of a bummer. "It's a dismal kind of picture that she paints," he says. "What most of the large-scale, more scientific research shows is that although growing up in a divorced family elevates the risk for certain kinds of problems, it by no means dooms children to having a terrible life...
...year of economic growth. "In dog years this expansion is about 70," he quipped, "but it is still behaving like a puppy!" Lawrence Lindsey, a resident scholar at the American Enterprise Institute and former member of the Federal Reserve Board, remarked that though economics is supposed to be "the dismal science," he and his colleagues on TIME's board were sounding full of "Panglossian optimism." No, the economists did not contend that this is the best of all possible worlds. But like Voltaire's Dr. Pangloss, they did insist that developments that at first glance might seem bad are actually...