Word: explainers
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...late week rally is harder to explain. The mini-boost has been accredited to better than expected quarterly results from tech companies like IBM and Google. Yet that good news Thursday coincided with figures showing that American industrial production in September dropped by 2.8% - the steepest fall since December, 1974. That came on the heels of statistics showing all-important consumer spending in the U.S. had tightened more than forecast. Meanwhile, despite government rescue plans and central bank rate cuts, there is little sign so far that frozen credit flows are thawing fast enough to get badly needed funds moving...
...when my parents were not at home. I was fifteen. They had no way of knowing where I was,” Kang said through a translator. “They had to live with sorrow. How much I missed my country I could not explain.” Kang was one of 200,000 Korean and Chinese women who were forced to live at “comfort stations” throughout imperial Japan as “comfort women”—essentially sex slaves. Three quarters of these women did not survive...
...said.The duo have not yet decided whether to keep rowing competitively in the future yet.“It was a good first Olympics, we’ll work off that. I think we’ll take some time off, stay fit,” Cameron explained. “To make that decision too close to the Olympics or while you’re still so ensconced in the rowing community is probably not a good idea.”The final Harvard grad to take to the waters in Beijing was another Radcliffe oarswoman, Michelle Guerette...
...this helps to explain why the dollar has been stronger lately. But with the U.S. Federal Reserve cutting interest rates again and the U.S. Mint running its printing presses overtime to fund rescue packages, won't the dollar tank soon? Probably not. As the Treasury Department's $700 billion bailout plan is implemented, banks should begin to be able to restructure their balance sheets and regain the capacity to make loans at interest rates that will be attractive at home and abroad. While a U.S. recession looks unavoidable, the stabilization of the financial system should allow a recovery to begin...
...most recent controversy surrounding Ayers began during last April's Democratic presidential debate, when ABC's George Stephanopoulos asked Obama to explain his relationship with Ayers. "He's not somebody I exchanged ideas with on a regular basis," Obama said. "The notion that somehow, as a consequence of me knowing somebody who engaged in detestable acts 40 years ago, when I was 8 years old, somehow reflects on me and my values, doesn't make much sense." Seconds later, Senator Hillary Clinton presciently warned, "This is an issue that certainly the Republicans will be raising." Indeed, McCain raised it again...