Word: effect
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Dates: during 1990-1999
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...less dramatic scenario foresees a slower decline in U.S. markets, as better economic times in Europe and Asia prompt an orderly departure of foreign money for promising opportunities at home. But this would still reverse the wealth effect and stanch U.S. consumption. No board member dissented from the view expressed by Lipp that debt-fueled consumption and big current account deficits were "a sword of Damocles." Though that danger may not be immediate, Hormats noted, it is probably behind efforts by U.S. Treasury Secretary Robert Rubin and Deputy Secretary Lawrence Summers to push for Europe and Japan to do more...
...doesn't make sense if after you've gotten there you get squeezed and discover you have no rights." Moscow is finally pushing an agreement to share energy revenues with foreign companies that are desperately needed to develop this sector, but that still won't undo the baleful effect of low world oil prices. "Sixty percent of Russia's export earnings come from oil and gas," says Goldman. "As long as world commodity prices stay low, there's no way they're going to get themselves out of this hole...
Cindy now lives in Oregon, where voters last fall approved a two-sentence initiative called Measure 58. If it goes into effect, it will radically change traditional adoption law by allowing adoptees the unfettered right to see their birth certificate when they turn 21. Today those papers are sealed. But since the biological mother's name appears on a birth certificate, the law would mean adoptees like Cindy's daughter could easily find Mom's real name--and perhaps track her down. A group of birth mothers has sued Oregon, arguing that state statutes promise them confidentiality and that breaking...
Double-blind placebo trials, of course, are standard procedure for drug developers, who know from long experience that 1 out of 3 test subjects feel better with only a sugar pill. Scientists sidestep the placebo effect in drug trials by dividing patients into two groups--giving one the real drug and the other a fake...
...turns out that the placebo effect is especially powerful in Parkinson's disease. That's why Curt Freed at the University of Colorado and Stanley Fahn at Columbia University decided to create a control group whose members could be fooled into thinking they were getting the full surgical treatment. "When you have something as major as surgery," says Fahn, in defense of his experiment, "wouldn't it be best to know there was some benefit...