Word: morgan
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...Frederick Poust III dialed his cell phone. As he hit "send," the 27-year-old blew through a stop sign in rural Hilltown Township, Pa., and slammed into the side of a Grand Cherokee. In the Cherokee's front seat, Patricia Pena turned to see her daughter Morgan, 2, bleeding from massive head wounds...
...next day, Nov. 3, 1999, Morgan died in the hospital; Pena watched her slip away. Poust received two minor traffic citations and later paid an undisclosed civil settlement. Pena went to bed and remained there for months. But her phone was within reach, and every time a reporter called, she wailed her story into it. That's how she launched a crusade to bar cell phone use while driving. In a debate complicated by high-powered lobbyists and murky data, Pena became the one clear voice. In 18 months she has testified before Congress and five state and local legislatures...
...these wonderful, brilliant researchers all around the country researching cell-phone safety," she says at one point. "And they call me back!") But she remains a woman obliterated by grief. When she looks at her new three-month-old daughter Olivia, she aches at the baby's resemblance to Morgan. She often replies to e-mails with tears streaming down her face. "I wonder why I do it," she says. "But you know, if I wasn't crying while returning these e-mails, I would just be crying...
Consider also that in the past 70 years, there have been 11 stock bubbles and that every one of the ensuing busts included a fake-out rally of at least 30% and lasted at least two years before fully washing out, says Barton Biggs, chief global strategist at Morgan Stanley. "This kind of bounce is what you expect," he adds. You also expect it won't last. The pullback, when it comes, will be severe if accompanied by news that suggests the economy won't rebound this year...
Next year, he estimates, the tax cut would make the difference between 2.6% and 3.4% growth. He believes the tax cut would significantly buoy employment and do little to stir inflation. Adds Richard Berner, chief U.S. economist at Morgan Stanley: "These tax cuts are a big deal. The tax-cut train has left the station, and it is clearly going to be stimulative...