Word: fallen
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...their wallets more and more tightly. Fears about possible war in the Persian Gulf are piling upon recession worries and news of spreading corporate cutbacks. One consumer sounding after another is recording the development of a batten-down-the-hatches mentality. Since Iraq invaded Kuwait, consumer confidence has fallen to its lowest level in 44 years... To help stir warm Christmas sentiments and loosen those purse strings, stores are emphasizing family ties this year. Montgomery Ward has donated $2 million worth of VCRs and videocams to the U.S.O. for American troops stationed in the Persian Gulf...The J.C. Penney...
...says it whisked him out of the country; he insists he never left--perhaps concerned about being seen as too close to the U.S. Since then, Karzai has been back in the mountains, while his Pashtun recruitment drive has picked up speed as one Taliban city after another has fallen to the Northern Alliance...
...pledged Thais would have more money in their pockets in six months, thanks to his programs for suspending farmers' debts, nationalizing bad loans and doling out seed money for small enterprises to every village. But after half a year, GDP is down 1.4%, exports have dropped 11.7%, investment has fallen by 6% and private consumption by 0.4%, and bad debts are still plentiful. Thaksin blames the world economic slowdown, but while others cautioned that was coming, he still promised boom times. Not all the numbers are heading south. Unemployment is up 0.6% and the cost of bribes...
...monarch was speaking to the whole nation, not just him. Even before the speech, Thaksin's approval ratings were starting to slip, falling from a high of 72% in May to 52% in August, according to a poll by Bangkok's Assumption University. Pollsters said it hadn't fallen further because people don't see any alternative. That shouldn't lull Thaksin into thinking he can ignore the King's advice. Says Sem Pringpuangkaew, a Thaksin loyalist who organized the nationwide petition drive in support of the Prime Minister while the PM was on trial for concealing his assets earlier...
...predictably mixed. President Bush wholeheartedly backed Sharon's right to defend Israelis any way he sees fit and laid all blame for the crisis of the past year at Arafat's door. Secretary of State Colin Powell, to whose department the Quixotic challenge of brokering a truce has fallen, sought urgent clarification on the meaning of Sharon's statement, and asserted that Washington would continue to work with Arafat. Still, the Israeli decision left little reason for General Anthony Zinni to remain in the region hoping against hope to broker a cease-fire by prevailing on Arafat to crack down...