Word: low
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...this holed-up dive bar, one of the favorites on the Hill, Buffalo burgers and Yuengling pints are devoured by locals of all ages. Named for terms popularized during the Vietnam War, this low-key joint is a fun maze of backrooms, each designed to fit a different energy. Hop upstairs to the recently dedicated "Obama Loft" for some dancing. Obama had a fundraiser here in 2004; banners are stretched across each of the six rooms, personally welcoming the President in case he returns. A wall hanging displays campaign stickers from recent years, with slapstick slogans like "Let's Kerry...
...point comes when consumers believe that assets are so inexpensive that they will not be this low again for decades. A house which was once worth $500,000 is on the market for $125,000. A new appliance which would have sold for $600 a year ago can by bought for $200. Consumers, who have panicked over their debt and lost jobs, have finally saved enough money and paid enough debt so that unspeakably low prices bring them back into the market...
...this week by asking managers to purchase new cars by the end of the fiscal year - won't stop Toyota's sliding stock. As a stronger yen continues to batter Japanese exporters selling into depressed economies around the world, the Nikkei 225 stock index dances around its 26-year low...
...this four-alarm economic emergency (nearly 2 million jobs have vanished in four months), it's easy to forget that shovel-ready doesn't necessarily mean shovel-worthy. Many projects are shovel-ready now only because they failed to clear the spectacularly low bar Congress set for pork in the past. Even if we're freaking out about today - and we should be - we can't afford to leverage tomorrow to build the infrastructure equivalent of buried banknotes, not when the deficit is a record $1.2 trillion and the debt a staggering $10.6 trillion. A depression would make both problems...
...guard admitted to "having some jitters." But she wanted to return to her family for the holidays. "I'll take the risk," Cempron says. Bautista, the transport undersecretary, sums up the problem: "The main issue here is the safety culture of the Philippines," she says. "We have very, very low regard for safety...