Word: droppingly
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Meanwhile, Japanese consumers are faced with a mixed bag. The slight appreciation of the currency helps in capping the rising cost of food and fuel, which have both become concerns due to price inflation. But because dollar-based profits from overseas will drop, corporations could cut back on capital investment and employment, which will have a spillover effect on households. "The negatives outweigh the positives," says Masafumi Yamamoto, head of foreign exchange strategy for Japan at Royal Bank of Scotland...
That kind of talk has mobilized political leaders across Europe - many of whom are now screaming for European Central Bank (ECB) authorities to intervene with measures to bring exchange rates back into balance. French President Nicolas Sarkozy in particular has been scathing in his demands that the ECB drop its obsession with controlling inflation and, instead, introduce measures that would allow European economies to expand faster. As part of that, the French are calling on the ECB to reduce its benchmark lending rate of 4% in much the way the U.S. Federal Reserve has in the past months. That move...
...strange time for the U.S. State Department to drop China from its list of the world's 10 worst human-rights violators. Evidently a decision was made not to inflame tensions. World leaders will gather respectfully as the athletes march into competition. As for the Chinese dissidents, perhaps they can take heart from a bit of ancient wisdom: The race is not always to the swift...
Northwestern took the initiative with resounding wins in the doubles. The Wildcats tightened their grip on Harvard with a dominant singles display. At numbers two to six, Northwestern didn’t drop...
...line Evangelical leaders, such as James Dobson and Gary Bauer, tried to oust Richard Cizik, the head lobbyist of the National Association of Evangelicals, who has fueled attempts to rally conservative Christians to the environmental cause; but Cizik's organization, while never fully supporting his mission, refused to drop him. Cizik is pleased with Merritt's declaration. "That resolution last summer was really cold water on any Southern Baptist who dared to speak out on the issues," he says. "I'm enough of a realist to know that this issue moves forward in increments. And this is not even...