Word: flare
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...episodes represent a flare-up in a long-running feud over how strictly the U.S. must limit its exports to preserve its technological edge. The dispute pits America's top two export watchdogs against each other. On one side is Stephen Bryen, a Deputy Under Secretary of Defense, who contends that Commerce is proving inept and overly permissive in its approval of export permits, allowing millions of dollars in strategic U.S. products to reach such final destinations as the Soviet Union, China and Iran. On the other side is Paul Freedenberg, an acting Commerce Under Secretary, who maintains that...
Indeed, Greenspan, 61, will need to be one. The summer's respite can last only so long before the Fed nominee will have to deal with a flare-up among the many long-term economic woes the U.S. faces. America's giant twin deficits, in trade and the federal budget, are improving slowly but remain daunting. Their persistence could help send the dollar plunging again and pressure the Fed to bolster the currency with higher interest rates. Inflation has returned as a potential threat, while the Third World debt dilemma refuses to go away. America's aging economic expansion...
Anger among labor-union members could flare up during the next few weeks, as the United Auto Workers begin negotiating new contracts for 459,000 workers at Ford and General Motors. If bargaining breaks down this year, the U.A.W. is likely to choose Ford as its primary strike target. Reason: the company, which passed GM last year with earnings of $3.3 billion, is now Detroit's most profitable automaker. Even if those negotiations proceed smoothly, however, there are other signs that labor's restiveness is slowly increasing, despite the decline of U.S. union membership from 20.1 million...
...Metal Jacket is clothed not in the lush tropical colors of other Viet Nam films but in the desaturated green-gray of a war zone as it would appear on the 6 o'clock news. Hue might be Pittsburgh. Here, only death looks luscious: gunfire makes a gutted warehouse flare into brilliant orange, and the blood of strafed civilians waters the countryside, turning it into poppy fields. The drama is desaturated too. The soldiers have no ideals to defend, just their asses; the accompanying music is not Samuel Barber but inane party rock of the '60s like Wooly Bully...
...more sensitive to volatility in such markets because of a trend known as "securitization." That is a process in which lending institutions repackage their home loans as securities for resale to other investors rather than collect interest and principal themselves. The practice makes mortgage rates more sensitive to economic flare-ups. Even so, most financial experts contend, securitization keeps home loans more affordable. Reason: lenders can tap funds from a huge financial marketplace rather than just from local savings depositors...