Word: outright
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...ongoing U.S. housing bust and subsequent credit crunch is accelerating at a frightening pace. In the U.S., nothing captures the concussive force of the downturn better than the Consumer Price Index released Wednesday, which showed prices falling 1% in October after being flat in September. Suddenly, the prospect of outright deflation in the U.S. - and all the risks that entails - is a clear and present danger. "With the unemployment lines growing ever longer, there is a genuine risk that the U.S. economy could fall into a corrosive deflationary phase," says Sheryl King, senior U.S. economist at Merrill Lynch...
...recession, has negligible inflation and could soon see prices fall again. So too in Europe, where the European Central Bank was behind the curve in seeing the risks to growth that the credit crisis posed and kept interest rates too high for too long. Though Europe is not in outright deflation yet, the pressures across the continent are all trending downward. Even in China, the world's largest developing nation, officials acknowledge that the risk of inflation - their main concern at the time of the Beijing Olympics in August - is gone. At a high-powered international financial conference in Beijing...
...room resort whose in-season rates start at $399 a night. "In this economy, what are they thinking?" the Miami Herald asked in a front-page article this week. And in Miami - which last month had the nation's third-highest number of home foreclosures - residents may find it outright offensive to hold a power party whose posh, satin-lined box invitations alone cost $70 a piece just to print and assemble...
Highlight Reel:1. On Brando (known as Bud as a child) and his early desire to prove everybody wrong: "Academically, he continued to lag, and various members of the faculty implied-or said outright-that he would never amount to anything. The athletic coaches disagreed: the following year Bud won letters in track and football, finished first in the school decathalon, and set a record by doing one thousand straight push-ups. He might have done more, but a teacher, worried that the youth would strain his heart, ordered him to stop...
...advocate of alternative healing and nutrition, Chopra has been a magnet for criticism - most of it from the medical and scientific communities. Accusations have ranged from the dismissive - Chopra is just another huckster purveying watered-down Eastern wisdom mixed with pseudo science and pop psychology - to the outright damning. Chopra's extravagant claims for Ayurveda and other traditional healing techniques can, some have argued, create false hope in genuinely ill people and dissuade them from seeking medical care and guidance. Chopra has weathered all such claims, either with smiling equanimity or, on occasion, a call from his lawyers...