Word: light
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...issue that was practically unthinkable three months ago is now, for the Fed, front and center: the possibility of the U.S. entering a phase of deflation, or protracted declines in the general price level. In its statement accompanying the most recent interest-rate cut, the Fed said, "In light of the declines in the prices of energy and other commodities and weaker prospects for economic activity, [the Fed] expects inflation to moderate...
...Holography was invented in 1947 by Dennis Gabor, a Hungarian scientist working in London who discovered that reflected light could be captured and reconstructed to create the illusion of three-dimensional images. (He won the 1971 Nobel Prize for Physics for the discovery.) Gabor, however, lacked the technology to perfect holograms; double images sometimes appeared at once and were not viewable. In the 1960s, Emmett Leith added lasers to the equation and rendered the first stable holograms - which included a toy train that astounded other scientists when they...
...radioactive and an economy weak in the knees, you could say the outcome should never have been in doubt. Seventy percent more people voted in the Democratic primaries as in the Republican; 9 out of 10 people say the country is on the wrong track. In that light, McCain was his party's sacrificial lamb, a certified American hero granted one more chance to serve, with enough rebel credits on his résumé to stand a chance of winning over disgruntled voters if Obama somehow imploded...
...Democrats in Congress were handed greater power despite abiding unpopularity; we'll now see whether they understand that it's a loan, not a reward. And the repudiation of President Bush and his allies ensures that the conservative movement will have to sit in a circle, hold hands, light some incense and figure out what its members really believe in when it comes to putting their principles into practice. The legacy of a President who vastly expanded the national debt, the size of government and its reach into what was once called private enterprise is likely to haunt his party...
...Whatever brought the Learjet down, it will be hard for the Mexican government to convince the people that it was an accident, in light of the torrent of attacks on public officials by drug gangs. High-ranking police, prosecutors and judges have been slain across Mexico this year, while assassins have massacred hundreds of rank-and-file police and soldiers. Although cartel hitmen traditionally kill their targets with firearms, they have lately grown increasingly sophisticated and ruthless - drug gangs are alleged to be behind a bomb that exploded in Mexico City in February and grenades that were thrown into...