Word: dropping
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...Julia Child is still a legend: "She had, in the words of one fan, an 'unassuming, unruffled manner.' She was not prissy - she would stick her fingers in the sauce to taste, lick spoons, drop ingredients, and then toss them into the stew pot. As different as she was from her predecessors, so she was from her progeny. Today's cooking shows groom their hosts for celebrity-hood. For non-live shows, any dropped utensils or unsanitary peccadilloes can be edited out. Those imperfections, however, were a crucial element to Child's persona...
Indeed, Citi's shares initially rose on the news that it would have to raise less capital than some of its competitors. But since the full results of the stress test have come out, Citi's shares are down 8%, to a recent $3.50. That compares to a drop of just 2.5% in the same time for JPMorgan, which was deemed to be among the banks that are relatively healthy. "I think Citigroup is an interesting stock, but we don't own it," says Edward Maran, portfolio manager of the Thornburg Value Fund. "If the government gives the company...
...such performance since the government began keeping quarterly records in 1947. That can't go on forever, and much of the recent talk of green shoots has to do with indications that business spending is at least starting to stabilize. Investment in housing was also down 38%, the sharpest drop since 1980, and there, too, optimists have found early signs of stabilization. It's not unreasonable to think that, sometime in the next few quarters or even months, business and housing will stop dragging the economy down and begin to provide at least a modest boost. (See pictures of retailers...
...keeps making its case for an attack on Iran's nuclear facilities, Israel isn't being very subtle: Iran will have a nuclear bomb, possibly as early as this year, its leaders suggest; Iran's leadership is suicidal - it will drop a nuclear bomb on Israel given the opportunity. So how, the Israelis then ask, can we not afford to destroy Iran's nuclear facilities, as we did Iraq...
...driving business activity and consumer spending within the nation's borders. But, if demand for its exports does not return soon, the most critical aspect of its GDP growth will still be in an anemic state. Alternatively, in the U.S., the core of the stimulus effort is to drop taxes to improve consumer spending and give financial aid to projects that should help move up employment. Until the American consumer begins to move back into the market and increase demand though normal spending, U.S. GDP will not rise and the rate at which the U.S. imports goods from China will...