Word: gridlocking
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...Kerry is good for bonds--stocks because of the dividend-tax issue and bonds for a couple reasons. One is that Clinton's policies produced budget surpluses and Kerry sees things much the same way. Meanwhile, Dick Cheney is saying that deficits don't matter. Then you have the gridlock argument. The bond market would assume Kerry's spending initiatives would get frustrated. So you lower the deficit that way. And Bush does talk about Social Security reform. Under typical proposals, that would add about a hundred million dollars a year to the deficit for the next 10 years...
...matter," one of them told me, "We just did it!" Here's one reason: more than a million Athenians - or around a fifth of the city's population - basically decamped for the duration of the games, most of them hiding out in the islands. Result: the capital's notorious gridlock vanished, and the transport systems worked faultlessly. Those of us who chose to stay did our civic duty as volunteers for the Games. We even scrambled to fill the stadiums so that the events could look perfect on TV - admittedly, we were only occasionally successful at that one. Some...
...sweltering morning in mid-July, several hundred Athenians gathered in the hope of defeating an old stereotype. The Athens tram--shut down in 1960 by a government that thought mass transit was obsolete--was being relaunched to help reduce gridlock at the 2004 Summer Olympics. With the first tram of the new era due to arrive at Syntagma Square at 10 a.m., people spontaneously assembled on the platform to celebrate. "Greeks love a party," explained Maikl Tzamaloukas, 78, before launching into a popular song from his youth--"Go, go/Get the last train!"--and dancing away down the platform...
...round midnight at sydney university's hallowed MacLaurin Hall, and Akira Isogawa's spring/summer 2005 collection is running over two hours late. The tardiness is as unsurprising as the trays of champagne that circulate through the 500-plus crowd - like bumper-to-bumper traffic, shows have been in a gridlock of delay since morning. Hardly surprising, either, is the gasp that finally greets Akira's creations as they weave their way through the crowd: the Sydney-based designer has been perfecting his bowerbird brand of beauty since first showing solo at Australian Fashion Week in 1998. What is surprising...
...going to withdraw from the E.U. as a result, so if a British rejection screws up the E.U., so what?" Blair started trying to convince voters of the contrary last week. He portrayed the constitution as a basically benign tidying-up exercise that would streamline E.U. procedures to avoid gridlock as it expands to 25 members, without sapping core national prerogatives to set tax rates and foreign and defense policy. But he also forecast dire results if Britain balked, leaving it isolated on Europe's margins, even tempting the rest of the E.U. countries to wash their hands of pesky...