Word: nadir
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Which slowed the flow of largesse not even a little. The situation reached its apex--or nadir, if you prefer--in the bidding for last year's Winter Games, won by Nagano. By 1991 Salt Lake City, always a suitable site and now represented by a savvy bid team, had grown to be an odds-on choice. But Yoshiaki Tsutsumi, then one of the world's richest men, had a dream: an Olympics in Nagano. "When I speak, 100 politicians jump" was his calling card. When he said he wanted to be president of Japan's Olympic committee, that group...
This is Israel's appalling nadir. Yet it sets up Moses' finest hour. Seeing the calf from afar, God makes Moses a chilling offer: "Now, let me be, that my anger may blaze forth against them and that I may destroy them, and make of you a great nation," an echo of the murderous deal extended to Noah at the Flood. Moses, however, will not have it. He argues that such a course would render empty God's grand statement in bringing his people out of Egypt; it would also violate the compact he made long ago with Abraham, Isaac...
...Baseball, even after its much-proclaimed 1998 renaissance, still does. The final four games of the Yanks' 125-win march into history got, according to early estimates, the worst Nielsens of any Series, breaking last year's nadir. And that Series was exciting (or so I hear). All the shiny new ballparks are full -- at least when McGwire or Sosa is playing. But these days, it's the ratings that matter, and baseball is getting dangerously near (gasp!) hockey territory. Maybe if Fox could put a camera in Don Zimmer's belly button...
...YORK: The Dow was up again on Wednesday morning. In Japan, the yen has stablilized. So your sagging portfolio is finally safe, right? Wrong. TIME Wall Street columnist Daniel Kadlec believes that the bargain-hunters who've been buying since Tuesday's nadir (which represented a 10 percent correction of the Dow's July high) will be disappointed with their purchases. "Just because the stocks are cheaper, doesn't mean they're cheap," he says. "According to fundamental measures, we're still in nosebleed territory. The markets are still in a lot of trouble...
...error occurred while processing this directive] Decline it has. At Tuesday's nadir, the Dow had lost 762.87 points from its record high of 9,337.97 on July 17. And although the indicator is still up 8.4 percent on the year, that figure was once 18 percent. Is the boom of the Clinton years finally over? Kadlec says that with so many people with money in the stock market, recession worries could be self-fulfilling. "The effects of Asia are hitting U.S. companies hard, but consumers at home are still spending," he says. "But if the stock market stays gloomy...