Word: nosing
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...that foreign direct investment at least does not wash in and out with the economic tides; once turned into bricks, mortar and machinery, it stays put. Portfolio--that is, stock and bond--investment is more volatile. But Lawrence Kudlow, chief economist of CNBC.com points out that the 37% nose dive in the NASDAQ index from its March 10 high to its May 23 low did not appear to scare away much foreign investment--at least not enough to make any difference in the dollar's price. "I was holding my breath on that one," says Kudlow...
...winning a record 58 games during its four-year career. Hill, the flashy and deft point guard who played a year of pro ball in the Netherlands, and Beam, the reticent shooter with deadly aim, regularly eclipsed him. Even rookies Drew Gellert and Pat Harvey, whose quick hands and nose for the basket were scintillating to watch, got more press. But I'll remember Ewing's role in the Princeton upset most...
...when it came to scoring, it was two freshmen who took the lead. Rookie forwards Beth Totman and Joey Yenne demonstrated an uncanny nose for the net, as they netted 19 and 18 points, respectively. Those tallies were good for tops on the squad and for second- and fourth-best in the Ivy League, respectively...
...when you see someone hunched over her computer terminal, nose pressed against the screen, don't be alarmed. She may just be trying a free sample...
...nose-diving NASDAQ forecasting a recession? No one knows. But the Federal Reserve will raise short-term interest rates this week, possibly by a hefty 0.5 percentage point. I'm not suggesting anyone hit the panic button. But a steady rise in interest rates is how good times often end. Given that the Fed has been boosting rates since last June--mortgages are the costliest in five years--why not use today's prosperity to pay off debt...