Word: explaining
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Dates: during 2000-2009
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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...
...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...
...kids back, the American Embassy in London is promoting the country's diversity and popular culture as reasons to understand it better. Encouraging people to study the country "furthers our mission to explain America to the world," says Liza Davis, the Embassy's cultural attaché. The embassy has also given Richard Ellis, a professor at the University of Birmingham, a generous grant to produce promotional CDs and a website that asks: "Why Study America?" The site features interviews with people enrolled in American-studies courses (one student says he's developed a "toolbox" to analyze cultural phenomena such...
...rare professional economist who knows how to explain the essence of policy issues to a non-professional audiences." - Peter Passell, in the New York Times Book Review...