Word: outbreaks
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...York, in turn, fueled fear in markets across Asia the following day, and suddenly investors were seized by visions of a rerun of 1997's "Asian contagion," when a financial crisis in Thailand triggered stock crashes from Jakarta to Moscow to New York. On Feb. 28, as this new outbreak of investor gloom spread, India's main stock index tumbled 4%, Singapore's dropped 3.7%, Japan's fell 2.9%, South Korea's lost 2.6%, and Hong Kong's slipped...
...certainly no coincidence that this week's outbreak of market jitters came on the heels of some disquieting economic data. On the same day that Shanghai stumbled, the U.S. Commerce Department reported that orders of durable goods in America-a key indicator of economic health-had fallen sharply in January. That followed an unnerving speech by someone many consider the great economic forecaster of our era, former Federal Reserve Chairman Alan Greenspan. On Feb. 26, he warned in a speech that investors couldn't rule out the possibility of a U.S. recession in 2007, noting that corporate profit margins "have...
...York, in turn, fueled fear in markets across Asia the following day, and suddenly investors were seized by visions of a rerun of 1997's "Asian contagion," when a financial crisis in Thailand triggered stock crashes from Jakarta to Moscow to New York. On Feb. 28, as this new outbreak of investor gloom spread, India's main stock index tumbled 4%, Singapore's dropped 3.7%, Japan's fell 2.9%, South Korea's lost 2.6%, and Hong Kong's slipped...
...certainly no coincidence that this week's sudden outbreak of market jitters came on the heels of some disquieting economic data. On the same day that Shanghai stumbled, the U.S. Commerce Department reported that orders of durable goods in America - a key indicator of economic health - had fallen sharply in January. That followed an unnerving speech by someone many consider the great economic forecaster of our era, former Federal Reserve Chairman Alan Greenspan. On Feb. 26, he warned in a speech that investors couldn't rule out the possibility of a U.S. recession in 2007, noting that corporate profit margins...
...what went wrong. "A little deposit of salmonella growing inside a piece of equipment may have oozed out a bit of bacterial goop into the product," says David Acheson, Chief Medical Officer for the FDA's Center for Food Safety. He said that during the initial investigation of the outbreak, researchers considered - and ultimately rejected - the possibility that the outbreak stemmed from infected turkey meat or bananas, both of which were among foods eaten by a number of those infected with salmonella...