Word: painfulness
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Dates: during 1990-1999
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That cost is growing. Last Tuesday the yen hit a new low--about 147 to the U.S. dollar--and the region hiccuped with pain. The cheap yen was a strong signal to investors who were betting that Asia has farther down to go before it takes any steps up. On international markets, it was the yen slip that triggered the attack against the HKD. During a weeklong run-and-gun battle between speculators and the Hong Kong Monetary Authority, the peg remained firm. (The HKD is pegged to the U.S. dollar at a ratio of 7.8 to 1.) A defiant...
...wealth effect could greatly worsen matters if stocks really hit the skids. "We've got a market that's doubled in the last three years," says Stephen Roach, chief economist at Morgan Stanley Dean Witter. "If you lose 10% or 20% after doubling, that's not real pain. But if you take this correction into the 25% range, the market could hurt more going down than it helped going up." That's because people often feel worse about their losses than good about their gains...
...Instantly, the room temperature drops to arctic levels as Bassett pretends to stare a hole through someone talking to her. "Then, after I became known, it was, 'Oh, I love you.'" And she swoops down from the chair, practically to her knees, in a deft satire of sycophancy. Drama, pain, comedy--Acting...
...halls of higher learning--right on the heels of Chelsea Clinton. Since her dad, the President of the U.S., has already paid a year's worth of tuition at Stanford, one of a growing list of schools that cost more than $30,000 a year, he feels your pain. So too, apparently, does Congress, which is why there has been a recent spate of legislation making college more affordable. The tools and the resources are there. If you plan ahead and do your homework, you too can afford to send your kids to college...
...those oft-quoted gurus, Ralph Acampora of Prudential Securities, who reversed his prediction of a day earlier and said on CNBC that we may be entering a bear market for blue chips. The Dow Jones 30 industrials shed 300 points in a flash. But the real pain came Wednesday, when the market dropped an additional 100 in the time it took me to get a Diet Coke out of the office fridge. That took us down 10% from the recent tops of the Dow and the S&P 500--an ominous benchmark...