Word: fed
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Dates: during 1990-1999
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Taking out Saddam has long been a dream goal in Washington, but the Administration has come up short in figuring out how to reach it. Republicans grew fed up with Clinton's halfhearted, clandestine efforts, and key Democrats demanded direct talk about encouraging democratic change, while the White House and the CIA, spooked by past failures, stalled over new ideas. Around June, the White House finally delivered a top-secret covert-action memo to Congress, but it smelled like a rehash of tired, old schemes, and the Senate Intelligence Committee bounced it. Instead, it backed the $97 million Iraq Liberation...
...Fehlman, a high school math teacher in Grand Junction, Colo., feels passionately that "there's something about hunting that nurtures my existence. There are many lessons about nature and life and death that can only be learned from hunting. Many plants and animals die daily to keep us fed, and hunting brings us into that process." Like many hunters, he teaches his son, 12, not to shoot anything he doesn't mean to eat. The hunting question always comes back to the Teddy Roosevelt paradox: Can we love animals and eat them? Can we love them and kill them...
...Diaz is curiously believable. So is the way in which stunned calm (we're going to get away with this thing) and hysteria (no, we're not) alternate among the well-played accidental criminals. We do find points of identification with them. And heaven knows, some of us are fed up to the teeth with movies glossily restating humane sentiments. Finally, though, Berg's relentless, youthfully enthusiastic assault on conventional pieties grows tiresome. And we begin to choke on laughter that was from the outset pretty dubious...
...that smacks of opportunity. If we step away from the transient worry about whether the Fed will cut rates further when it meets this week, we can see that bank stocks are selling for substantially less than almost any other sector of the market. Tech, drugs and even oil shares trade at a much higher valuation, relative to expected earnings. Why? Because many bank loans have gone bad in Asia, Russia and Latin America, not to mention the Long Term Capital hedge fund...
That's why I am buying the major U.S. banks, whether or not the Fed eases this week. To be sure, if the Fed keeps rates steady, these stocks will sell off on Tuesday and Wednesday. Nevertheless, I am betting they will come roaring back soon. With or without a Fed rate cut, I am buying into a group that is nowhere near its highs at a time when most stocks have recovered nicely. In this market, nothing stays out of favor for long. When the world's growth recovers, these stocks will surge back to much higher valuations...