Word: fallout
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...before. Whether in response to the need to curb Islamic extremism, hold down soaring population growth, combat plummeting personal incomes or eliminate royal corruption, the world is calling on Abdullah - as are many Saudis - to get the country's house in order. Not the least of Sept. 11's fallout: crucial ties with the U.S. dating back six decades have neared the breaking point, with voices on both sides questioning the future of American military facilities in Saudi Arabia...
...heard tales of Japan's looming economic Armageddon before. But Washington is worried that the fallout from Japan's malaise could hamper a nascent U.S. recovery. Worse, there's no quick-fix option. The world's second-largest economy, Japan labors under the globe's highest level of public debt--140% of GDP. Across the nation, bankruptcies and unemployment are soaring. Practically everything else--stock values, consumer prices, confidence--is in free fall. The biggest crisis of all is the yen. With the Bank of Japan printing money to offset a liquidity crisis, the currency is sliding fast...
...Dennis Bock's well-wrought first novel The Ash Garden (Knopf; 281 pages) cuts through the moral debates surrounding the dropping of the atomic bomb on Japan and paints a humane, detailed tableau of its fallout on both its American creators and those whom it was sent to destroy. Setting fictional characters against a historical landscape, the Canadian author traces the life of Anton B?ll, a German scientist who was a star of the Manhattan Project, as his journey entwines with that of Emiko Amai, a little girl from Hiroshima who lost her face to the world's first atomic...
...Pearl's abduction may be part of the fallout from the war in Afghanistan. The widespread rage that was predicted on the streets of Pakistan when the U.S. launched its military campaign did not materialize. But perhaps we're now starting to see some of that sentiment expressed in a more dispersed, although potentially even more dangerous...
...marketplace, Enron's implosion hasn't made many waves; energy trading goes on as before. But in the markets, the fallout is more fundamental - it attacks the very set of assumptions by which investors place their bets, and a lot of those bets are now being pulled off the table. This too shall pass - and Congress and the SEC willing, it might even provide the impetus for some much-needed regulatory renovation. But while Enron is in the news every day - and as Democrats spend the spring making absolutely sure of that - the rise, fall, and posthumous flogging of Enron...