Word: levelism
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...Richards, Franken bounces around onstage and exhibits a near-perfect display of the rock star's compellingly ugly sensuality. (The "Start Me Up"-era Jazzercize outfits were a nice touch.) It's the rock-'n'-roll impersonation of a lifetime; if he retains even a tenth of this energy level in the Senate, the economy will be fixed in no time...
...political realities. The German economy is sinking faster than most experts thought a month ago. Just this week, Germany's three-year job boom came to a screeching halt when the labor office reported that in December unemployment rose by a seasonally adjusted 18,000, nearly twice the level predicted in a poll of 30 economists by the news agency Bloomberg. It was the first increase in joblessness since February 2006. "The economic crisis has reached the labor market," said Frank-Juergen Weise, head of the Labor Agency. On Thursday, the government reported that German exports, the main driver...
...unlikely, however, that the crisis will allow Washington to keep LIHEAP at that level in the next federal budget - making it just as important, say advocates, that one or more U.S. oil companies pitch in alongside Citgo. President-elect Barack Obama pledged during his campaign last year to force something similar: a windfall-oil-profits tax that would effectively make Big Oil fork over an "emergency energy rebate" for low-income households. But as his Jan. 20 Inauguration approaches, Obama seems to be backing...
...value has hovered at around 90 to the dollar for the past two weeks. But currency experts predict it could climb to 85 over the next few months - a level that could trigger intervention by the Ministry of Finance and the Bank of Japan, which would buy dollars in currency markets to boost the greenback and undercut the yen. Some analysts say the exchange rate could soon reach 80 yen to the dollar. That would almost certainly spark another plunge in Japan's beleaguered stock markets - another concern for Japanese authorities...
...Still, it's unclear whether intervention will be necessary. Some argue that the dollar-yen exchange rate is reaching a sustainable equilibrium and that the yen isn't as strong as it appears. "The yen's level until last year was abnormally weak," says Tohru Sasaki, chief currency strategist in Tokyo at JPMorgan Chase & Co. "Now it's coming back to normal...