Word: flatted
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There will be a lot of second-guessing about the economy's strength (accompanied by flat or weaker stock prices) before the market gives credit for solid growth through 2004. If you want to stay home, wait for cyclical stocks to retreat or for the economy to prove out, or focus on stocks that have lagged: defensive companies in food or health care or those with a secure dividend yield in the 2% to 5% range...
Without a recovery in Japan, the world's second largest economy, the global lift-off falls flat--and after a decade of false starts, it's hard to believe this economy is turning. Yet personal income and both consumer and business spending are suddenly surging, so believers are beginning to emerge. David Bowers, chief global strategist for Merrill Lynch, recently upgraded Japan from underperform to neutral. If the global recovery is strong, Japan's export businesses have a long way to rise, he reasons. He likes the banking sector most. Consider a fund like Fidelity Japan. Better to tiptoe into...
...wasn't just the decline in tourism that whacked this city. Residents weren't going out, and many restaurants had to temporarily close their doors, lay off staff and hope that the virus was subdued before the beer went flat. Now the clatter of china and the clink of wineglasses can once more be heard around town at establishments like Vong, atop the Mandarin Oriental Hotel, and Kaetsu at the Grand Hyatt...
...wants to stay on the main highway, but we veer onto a smaller branch of the old trail. This remnant is still in use, big enough for a car-or, in today's case, several motorbikes, an oxcart and a flock of ducks. There's no jungle here, just flat earth and rice fields. When we reach the landmark of Dong Loc Junction, we see why: in a small museum is a photo of the same road taken in 1971, showing the scorched land bombed as bare as moonscape...
...policy proposals were just plain dishonest, just flat-out misrepresentation, and the truth wasn’t getting out,” said Krugman. “I’m trying to wake people up, to get them to understand how badly we’ve gone off course,” he wrote in an e-mail after the event...