Word: lags
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...told the House panel that he had begun to worry about the economy eight or nine months ago, which of course was two months before he actually stepped in to start cutting rates Jan. 3. Under heavy fire from new Senate Banking chairman Paul Sarbanes (D-Md.) over that lag, Greenspan copped to a slip of the calendar. "Let me amend my remarks from last week," he said, smiling - he'd meant to say December...
...overcompensating for its dirty little secret: an average government spending increase so far, despite all its can-do rhetoric, of a measly 1.3% a year, part of its obsession with reassuring the middle class that it wouldn't be profligate. Big money started to flow this year, but the lag has allowed Liberal Democratic leader Charles Kennedy to attack Blair from the left, advocating an income tax increase to pay for better services. The Tories' record in power undercuts their freedom to call Blair too cheap. Hague has thus been forced to play to his base, focusing on such right...
...have raised prices last week. Lucent is about to be sold, which will relieve some stress in telecom equipment. But consolidation has not gone nearly far enough, and with the stocks well up from their lows, the pace will surely slow. Tech earnings will suffer longer; the stocks will lag. I believe, as I said in mid-April, that we've hit bottom. But gradual recovery is what we need, not another rocket ride. If the froth gets much thicker, don't blow it again. Sell something...
...harass fellow passengers. On the ride in from Los Angeles International Airport, as he whizzed through traffic with my husband and me in tow, he suddenly began barking like a G-rated Tourette's sufferer: "Entertainment." Pause. "Restaurants." Pause. "Hollywood." Pause. Bleary-eyed from jet lag after our flight from Hong Kong, my husband and I exchanged confused glances. "Call!" Eric bellowed. The routine repeated itself until Eric pulled up at a trattoria moments before closing...
...about to become common. The surgery was a success, but it had its downsides: the cost of involving another surgeon (there has to be a surgical team at the patient's side ready to take over in case of mechanical failure), and "speed of light" issues that caused a lag of one second between the surgeon's actions and the machine's execution. For surgery between Earth and the International Space Station, or for the Mars mission scheduled for 2015, the lag becomes even more considerable...