Word: overheat
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...boss, the famous chemist Gordon Moore, discovered the secret value of silicon. In 1965, he and his colleagues discovered that little pieces of the element could store and transfer electronic data without emitting energy that would overheat, and ultimately destroy, any computer of practical size...
...study. In 1995 Dr. Charles Grob, a UCLA psychiatrist, used it as a pain reliever for end-stage cancer patients. In the first phase of the study, he concluded the drug is safe if used in controlled situations under careful monitoring. The body is much less likely to overheat in such a setting. Grob believes MDMA's changes to brain cells are accelerated and perhaps triggered entirely by overheating...
...critics include Federal Reserve Chairman Alan Greenspan, who warned last week that "the timing is not right" for the House measure, which calls for a 10% across-the-brackets cut in income taxes and a reduction of the 20% rate on capital gains to 15%. Translation: the proposals could overheat a strong economy and ignite inflation. Says Greenspan: "The first priority, in my judgment, should be getting the debt down...
...went from 44 points down to 74 up in less than a minute. Bond yields momentarily dipped below 6 percent for the first time in weeks. An extended rally ?- given the strong correlation between consumers and the value of their portfolios ?- could of course set off the very overheat that Greenspan is so worried about. But the indexes are short-sighted, emotional creatures, and Wednesday the emotion was relief. "The uncertainty is over, and Greenspan clearly is done raising for a while," says Baumohl. And the markets are off and running all over again ?- at least until August 24 starts...
Moved PermanentlyMoved PermanentlyFortune Investor DataHere?s the daisy chain: Fed hikes rates. Markets, relieved, take off. Consumers, watching their portfolios swell, continue to spend like drunken sailors. Fed gets nervous, and Greenspan -? if he deems that an economic overheat is imminent -? goes into rate-hike mode all over again, confronting the markets with their worst fear and sending Street walkers back to cowering under their desks. Bye-bye rally. Of course, if investors and traders see all this coming and sell on the news, they may have to make room under that desk for Uncle Alan -? a harmless rate hike...