Word: l-shaped
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...rooting for a quick, V-shaped economic rebound, don't visit the bear cave. "If we're lucky, we'll get a U-shaped recovery," Biggs says, referring to a drawn-out hard landing. And there's a real case for an L-shape, he adds. That's L as in hell, a recession that is just starting and would last 18 months. His main concern is $4 trillion of vaporized stock wealth, which is crushing consumers. Biggs says Fed chief Alan Greenspan blew it; he was too slow to cut rates to stimulate spending and put a floor under...
...families, most of them on welfare. To the east is Alameda Street, the border of Watts, and there are railroad tracks on Alameda, so that when you cross them you know you are entering a different world. In back of Jordan and extending around it in an L-shape is the steel factory. It has been there for 20 years, the smoke billowing out day and night. I grew up in those same Jordan Downs projects, and I played next to that factory many a time...
...fast back, a roofline that continues down an auto's back in one un broken convex curve, was abandoned by Detroit in the late 1940s in favor of the greenhouse roof, the sloping L-shape that was later refined by Ford into the much-copied T-Bird roof, a trim, knife-edged affair with angular lines. But for two years auto stylists have slowly been reviving the fastback on some sports models, and this year and next the curve will continue its comeback in at least three Detroit offerings. Last week Chrysler introduced the first of the new fastbacks...
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