Word: impaction
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...business as home prices began to decline. Lending standards quickly tightened and as credit flows into housing slowed, the sector experienced some illiquidity. Consumption growth waned and the rate of growth of the U.S. current-account deficit, which is the principal driver of international liquidity, decelerated. The impact wasn't felt right away, not least because Japanese and foreign investors continued to borrow in Yen and invest in higher-yielding, riskier assets around the world. As a result, several emerging and developed stock markets became perilously overvalued. As I warned in TIME's Jan. 29 issue, this debt-fueled euphoria...
...months after Katrina, it turns out that some of the state's coastal cypress forests, which help protect against storm surges by absorbing excess wind and water, are being clear-cut to make mulch, the soil stabilizer found in many gardens. Removing these trees could aggravate the impact of the next big storm. "People who garden should be disturbed that critical forests are being shredded just to end up in their flower beds," says Sierra Club's Orli Cotel. Chuck Corbitt, CEO of Corbitt Manufacturing, a top mulch supplier, told TIME that some of his mulch--including bags labeled FLORIDAGOLD...
...Nevada (see page 54), are joining a virtual presidential-selection scrum, hoping to grab a slice of the influence early voters get to exert. Here are some other states that have officially moved up their primaries. [This article contains a table. Please see hardcopy of magazine.] STATE DATES POSSIBLE IMPACT ALABAMA Old: June New: Feb. 5 A critical gauge of who will carry the black vote. It will be one of the first contests in a state with a population that's more than 25% black. ARKANSAS Old: May 20 New: Feb.5 The former Governor, G.O.P. underdog Mike Huckabee, could...
Fowler-Finn’s presentation also highlighted the negative impact of charter schools on the district’s budget. Next year’s budget will suffer a $1.1 million loss due to Cambridge students leaving the district to attend those schools. Charter schools will cost the district $5 million over the next four years, Fowler-Finn projected...
...latter type of individual that advertisers are targeting—sincere yet malleable. Infusing value-laden messages into their products appeals to his desire for authenticity. Yet it runs the risk of exaggeration: He may overestimate the impact of such choices...