Word: nils
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Classic recessions start with the Fed fearing inflation and aggressively raising interest rates to choke off excess business investment. They end with the Fed defeating the inflation foe and slowly cutting rates again. This one started with inflation practically nil and the Fed in neutral. With no inflation threat--indeed, with deflation the bigger worry in some camps--the Fed has been aggressively cutting rates. Those cuts are working to stimulate the economy, but not in the usual...
...results. Hasbro, after losing $200 million on an interactive division and website, sold both ventures for $100 million early this year. Mattel in 1999 bought educational-software maker The Learning Co. for $3.5 billion, only to unload it this year for an "undisclosed sum," which analysts say was virtually nil...
...were convinced by that line. At the same time, Falun Gong's leaders abroad are demanding ever-higher levels of loyalty from followers. An editorial on the website calls for action "especially at Tiananmen Square," even though government repression has reduced the number of demonstrations there to basically nil. Li Hongzhi recently urged followers to use supernatural powers to immobilize the police and other "evil scoundrels" by pointing at them and thinking "freeze." Do that, he says, and they "will do whatever you want." Believers who renounce Falun Gong, even under duress in labor camps, are given little sympathy. They...
...Probably nil, I answer reluctantly. All right. They got bad weather information. I start looking around the cabin, searching the seams of the fuselage for any signs of strain. Don't know what I'm expecting. A loosened panel. Dripping water. A broken bolt. Still no word from the crew. I'm getting ticked. They should be talking to me. My head is pounding. I'm fingering my necklace. My legs ache...
...Probably nil, I answer reluctantly. All right. They got bad weather information. I start looking around the cabin, searching the seams of the fuselage for any signs of strain. Don't know what I'm expecting. A loosened panel. Dripping water...