Word: horizons
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Another day, another drama on Wall Street. On Monday, the Dow Jones industrials plummeted roughly 800 points before rising late in the afternoon for an overall drop of around 370. But the swirl of numbers so far does not include perhaps the surest sign of hard times on the horizon: consumer confidence data. "For sure, we're going to see a decline in response to recent events," says Nicholas Souleles, a professor of finance at the University of Pennsylvania's Wharton School of Business. "How much remains to be seen...
...type situation could happen now - though there are few signs of hope on the horizon for solutions to alleviate the effects of the market crash. In September, employment continued to fall in construction, manufacturing and retail trade, according to the Bureau of Labor Statistics, which put the nation's unemployment rate at 6.1%. Shutoffs of electricity and gas are rising as families struggle to pay bills with the onset of winter weather across much of the country. And tent cities are beginning to pop up in places like Reno, Nev., and Seattle for the first time in decades...
...Crosstown rival Novartis is also revamping how it does R&D and holds a 13% stake in Alnylam. U.K. concern GlaxoSmithKline already underwent its own re-engineering, and the results are evident. In 2000 its pipeline had two major prospects; now, stocked with 34 late-phase drugs on the horizon, it appears to be one of the industry's healthiest...
...Asked to take a leap of faith regarding a dizzyingly complex problem, a critical mass of voters refused to trust their leaders, turning down the medicine that was offered. And so the politicians who are most exposed to popular whims have run for cover. With an election on the horizon, 95 House Democrats and 133 House Republicans opposed the bill. Some portion voted no for clearly ideological reasons. But many more were simply doing what politicians do - responding to the will of the people...
...Ibis appears on our horizon off the coast of India in 1838 - a period often romanticized in fiction through narratives of imperial bravado. But this won't do for Ghosh, a veteran postcolonialist. He instead depicts India as it most likely was under the thumb of Britain's East India Company. Its once bounteous countryside is now run by Company edict, with farmers ordered to grow poppies to feed colossal opium factories, in whose noxious environs even monkeys slump in "a miasma of lethargy." Their fields given over to drug cultivation, thousands of starving, impoverished villagers leave for new pastures...