Word: lags
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...hazardous particles in the air. Environmental Protection Agency Administrator Christie Whitman tried to reassure the neighborhood earlier this month by saying, "Contaminant levels are low or nonexistent [and] generally confined to the Trade Center site." But some parents aren't convinced. "There can be a 20- to 40-year lag time before people show the signs of asbestos inhalation," says Pauline Ores, a displaced mother of two young girls. "Our kids will be in the prime of their life. If there's a mistake, my daughter's going...
...Ritz Carlton, he chose instead to make his way down to the one in the healthclub. Little gets in the way of the fitness obsessed president's workouts which he and his aides credit with helping him stay measured through the crisis. To ward off jet lag from the trip, Bush had hopped on the tread mill aboard Air Force One on the way over and sprinted at a brisk 400 miles an hour while he flew over the Pacific Ocean. By the time Bush huddled with aides to discuss what he would say to reporters, he made it clear...
...against Swiss-cheese operations such as those in the countries once part of the Soviet Union or Thailand, where corruption at the airport is endemic, the U.S. is a model of tightness. But compared with the top airports in Europe and Asia, the U.S. continues to lag. In India, only ticketed passengers can enter the terminal. Hong Kong and Kuala Lumpur put international bags through a rigorous screening process. And in Europe, upstart budget carrier Ryanair bans most carry-on luggage...
...minutes for the June 26-27 Fed meeting came in Thursday, and to the extent they revealed the inner workings of a Fed meeting (they don?t; that?s why the FOMC releases minutes on a one-meeting lag and the transcripts on a five year lag) they basically bear out what everybody figured about that slightly mysterious gathering. So why did the Fed put an end to its 50-points-a-meeting regime of the spring with a 25-basis-point cut - and release a statement that gave no indication why? Because, the minutes say, the members feared sowing...
...worth. In Barron?s, Alan Abelson devoted his weekly column to the possibility of "a jerrybuilt boom," and called the housing frenzy "the last great asset bubble" - one that may be about to pop. And TIME?s own Dan Kadlec writes this week that housing?s traditional year-long lag behind a falling stock market is about to kick...