Word: overheats
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...There's really no sign that the economy will overheat soon," says TIME business reporter Bernard Baumohl. "But Greenspan has to maintain his role as captain of the economy. If he admits that the economy is on autopilot -- which it is right now -- the Fed loses its relevance." Usually such vocal vigilance from the Fed chairman portends a hike in interest rates. But Baumohl says Greenspan still hopes that a "soft landing" -- in which the U.S. economy, dulled by Asia's recession, "sort of taps its brakes and cools off on its own" -- will allow him to do nothing...
...euphoria will not last long. The great Labour landslide of 1945 petered out into hopeless crisis within two years. Labour's massive victory of 1966 ran into terminal troubles within three months. Today the economy is beginning to overheat, and interest rates will have to rise soon. The Tory party will get to its feet, dust itself off and be transformed into a ferocious opposition by the autumn...
...funnel that channels huge quantities of solar plasma into the magnetosphere. In response, powerful currents surge through the high reaches of the atmosphere, where they can utterly scramble broadcast signals, and even through seawater and bedrock. These surface currents can corrode buried pipelines, interrupt transatlantic phone conversations and overheat electrical transformers. In 1989, during the most recent solar maximum, currents induced by a geomagnetic storm brought down the power grid that supplies Canada's Quebec province...
...flat tax rest upon the ceteris paribus assumption, i.e., that all other things held constant. Yet under Forbes' proposal, ceteris paribus does not hold. This is because his flat tax, which amounts to a massive tax cut especially for the wealthy, would substantially increase the federal budget deficit and overheat the economy. Both of these consequences of the flat tax would serve to undermine and even undo the beneficial effects of having a single tax rate that exempts investment income...
...reticent filmmaker, however complicated his plots, however hot and basic the emotions that drive them. But that's a virtue these days. A lot of directors are drawn to the classic genres, but few of them seem to have any real confidence in their strengths. Their tendency is to overheat, and in the process overexpand, these projects. Dahl lets his loony material speak for itself. He understands that overdirecting is like overacting; it pushes us away instead of drawing...