Word: effective
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Dates: during 1990-1999
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...provide large chunks of car across the entire range of established auto companies and are taking on their own global role alongside the global auto assemblers. The advantages for the major carmakers include faster delivery times, more flexibility and more manageable inventories, as well as redefined labor arrangements. Another effect, as Magna's case illustrates, is a blurring of the distinction between parts supplier and automaker...
...blemishes. Private-sector savings in the U.S. have hit a historic low: -4% of gross domestic product, according to Hormats. "This private-sector deficit is enormous," he says. People feel flush enough, due to their soaring stock portfolios, to keep buying consumer goods on credit--the so-called "wealth effect." But a drop in the Dow Jones index or some other shock could quickly erase those paper gains and choke off the spending boom. So while the Clinton Administration is touting consumption-driven growth, Dresdner Bank's Ernst-Moritz Lipp is critical. "We shouldn't praise as an important development...
...threat to world financial and economic health is a collapse of the U.S. dollar, which could come when foreign investors finally deem the current account deficit to be out of hand. That would make the U.S. less attractive to foreign investors and depress the stock market, turning the wealth effect that has made Americans so willing to buy on credit into a bad hangover. And if Americans curtail their buying, that will kill the main engine of recent U.S. expansion, which in turn will stunt other economies, particularly Asian and Latin American countries that aim to build their recoveries around...
...other approach is epidemiological and is much harder to come by, i.e., one seeks evidence that a drug regularly causes a certain effect. I feel reasonably sure that neither of those evidentiary elements are available in the cases at issue, just as they are unavailable in other cases we read about every day--the Agent Orange case, the high-tension electric wire case, the artificial sweetener case, etc. In all, we are left in limbo as we seek to reach firm conclusions-and in the end the final judges of what took place are lawyers, journalists and the putative victims...
...influences from Muddy Waters to the KLF. Stephen Mason's delicious breathy voice and bluesy acoustic/slide guitar work combine perfectly with the bass and the occasional harmonica to form killer tunes like the opening "Dry the Rain" and "Needles in My Eyes." Calling to mind Beck, the eclectic pastiche effect of songs like "The House Song," which mixes a snaking bass line over turntable scratching and sampling, keeps to the lo-fi sound. All in all, a heady brew of swamp music from the land of lochs...