Word: pegged
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...based Stereolab has always been hard to peg. Purposefully fashioning kitsch out of electronic and traditional instrumentation, the group has occasionally shown flashes of brilliance, and at other times it has passed as merely banal. Frustratingly, Stereolab does not resolve its identity crisis with Sound-Dust, their latest album...
...Thursday?s July CPI number is a little harder to peg, given that we?re still reading conflicting accounts of whether that was inflation or deflation looming in the shadows of last week?s PPI. The Consumer Price Index, of course, is the inflation number we can spot at the mall, and with discount wars festering across the retail scape, it?s hard to imagine July prices doing anything levitationary - at least not enough to scare Greenspan into cutting out the rate cuts August...
...speculators demolished the region's currencies, money fled the property and stock markets, and economies crumbled in a matter of days. Asia's markets are not nearly as inflated as they were then and most nations?with the notable exceptions of Malaysia and Hong Kong?have abandoned their currency pegs. If currencies continue to be debased, it will be a more gradual process. While troubles in Argentina?which effectively dumped its own peg recently amid a gargantuan debt crisis?might prompt traders to take a second look at Malaysia and Hong Kong, those nations have built defenses that should keep...
...foreign investors and balked at forcing companies to repay their debts. Late last year, Taiwan's President Chen ordered banks to keep lines of credit open to delinquent debtors, a move that has put a straitjacket on liquidity and dampened investment. Malaysian Prime Minister Mahathir Mohamad clings to a peg that has hugely overvalued the ringgit. "It's going to take Thailand and Malaysia 10 years," says Tim Condon, chief economist at ING Barings. "So far, most Asian economies aren't willing to let the market have its way with them...
...SQUARE PEG Apple's distinctive Power Mac G4 Cube, which made such a splash in industrial-design circles when it debuted last summer, has gone the way of the dodo and the Apple Newton. The Cube--a full-fledged Mac packed into a gleaming clear plastic case 8 in. on a side--looked at first like another computing coup for chairman Steve Jobs, but it never quite caught on. It was too expensive (about $1,300) and too low powered, and users complained that its touch-sensitive power switch caused unintentional shutdowns. At least we still have the flower-power...