Word: lowing
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...only just catching on in the U.S., thanks to the popularity of hip video-game karaoke clones like Guitar Hero and Rock Band. My home karaoke bar will go much further, naturally, offering lots more songs (and maybe beer to minors). The trick is to keep my costs low, which won't be too difficult considering that many free, or cheap, karaoke sites have recently popped up online - Quittner's Qaraoke Qorner could be a bustling home business...
...Japan discovered the futility of ultra-low interest rates in the 1990s, when the Bank of Japan (BOJ) tried to prod the country out of a protracted recession by lowering the rate all the way to zero in 1999 - where it stayed, with one brief interlude, until 2006. Despite the fact that lenders could essentially get free money from the government, Japanese banks were busy recapitalizing and paring down mountains of bad assets, and had little interest in doling out more loans in a moribund economy. The zero-rate policy did little to stimulate growth...
...According to Japanese analysts, U.S. Federal Reserve Chairman Ben Bernanke may decide that it's best to lower rates again, to below 1%, in the coming months as the economy weakens. Even though ultra-low rates may have little immediate economic impact, they help to stabilize the financial sector as well as stock markets. Equities become more attractive when interest earned by stashing cash in the bank is lower than the inflation rate. "While the BOJ's zero-rate policy did not work as expected in terms of reviving the economy, it contributed to preventing the financial system from collapsing...
...serve as guides in a confusing world. "Suddenly, everything has changed so much," says novelist and publisher Namita Gokhale. "So people use these books to try to find where they're located in all this." And that has made the new pop fiction a runaway success. Helped additionally by low prices (novels are priced around $5) and new distribution channels (the books are sold on street corners and in department-store chains like Big Bazaar, not just in conventional bookstores), first-time authors are moving more than 20,000 copies a year...
...Harvard’s standard issue bookshelf, desk, and bed frame are nowhere to be found. Instead, the heavy wooden desk has been replaced with a slim, steely silver work table. The standard bed frame has been put into storage. Batt has constructed a replacement frame that sits low to the ground...