Word: fed
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Dates: during 1990-1999
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Even so, better fed and more scientifically conditioned than any previous generation, today's senior athletes are stretching their bodies' performance beyond what was once thought possible. Some are even winning phantom races against young champions of the past, swimming and running faster, jumping higher and farther than Olympic medal winners in their prime early in the century. One bettered Johnny Weissmuller, who went on to become Hollywood's most famous Tarzan (see chart...
...April 23, 1996, under the letterhead of the venerable bank founded by Alexander Hamilton, which made the very first loan to the fledgling U.S. government in the 1780s, Gurfinkel wrote a fulsome letter to Federal Reserve chairman Alan Greenspan, urging the Fed to let Inkombank open a representative office in the U.S. Never mind that 14 months earlier some of the bank's largest shareholders had filed suit charging Inkombank with outright theft of $40 million in capital. Or that just a month before, the Russian central bank had issued a harshly critical audit of Inkombank irregularities...
September is book-party season in New York City. But starving authors who used to move from shindig to shindig to get fed are finding the pickings a bit slim. Publishers have wearied of the big book launch, and now regard it as an unnecessary expense. Before this peculiar cultural event becomes obsolete, Notebook brings you a sociological study...
...kneed from what TIME senior economics reporter Bernard Baumohl calls "a one-two punch and an uppercut." A skyrocketing trade deficit (proving that consumers are still spending way too much) and a sliding dollar (against not only the yen but also the euro) have both rekindled fears that the Fed will hike rates at its board meeting October 5. The uppercut? Microsoft prez Steve Ballmer?s must-have-had-a-few-too-many comments to a roomful of tech reporters about how tech stocks - even his - are way overvalued. Investors fell all over themselves to drop the Nasdaq 108 points...
...means dollars and U.S. equities are getting dumped for yen and Japanese ones. If it keeps up, the Dow could easily dip below that vaunted 10,000 sometime this fall, but Baumohl doesn?t see the end of the U.S.? recent golden age. "I still don?t think the Fed is going to raise rates," he says, "and the economy is still fundamentally very solid." And what if the Fed does raise rates, slowing down the economy and letting still more air out equities? Put the porridge in the fridge - a reallocation into bonds might be just right...