Word: pendulum
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...pendulum may be swinging. Last year Congress passed the Adoption and Safe Families Act, which requires courts and government agencies to consider prior neglect, abuse and murder in reunification cases. States face the loss of federal child-welfare funds if they don't come into line with the act. So far, only a handful of states have amended their laws to comply. One of those is Maryland, where a group of legislators, outraged by the Pixley case, pushed a bill through this spring...
...hybrids of minimal and performance art. Often they involved the prototypical Minimalist cube, with Ray inside it and some parts of him sticking out--a box with a clockface, for example, its hands moved by the artist, whose legs hang out of two holes in the bottom like a pendulum. Inside, in the darkness, Ray would try to guess what time it was and move the clock hands accordingly...
...creation of the Bunting Institute] was very, very timely because people didn't see the pendulum beginning to shift as early as she did," Bok said...
...economy. But the rate jitters that surfaced last week are actually good news. They represent just the latest swing in a highly emotional market that for three years has thrived on alternating fears about which way the economy would grow: too fast or too slow. As long as the pendulum doesn't swing too far in one direction, your nest egg is safe--from the interest-rate monster anyway...
Investors may be warming to this notion. The Dow, having plunged last Monday, was levitating by Friday. In another sign that the market's pendulum of emotions remains firmly balanced, Wall Street's view on the too-hot, too-cold question is as divergent as ever. Merrill Lynch rushed out a report saying profits are in trouble and interest rates must surely decline. Goldman Sachs discerns continued bliss as far as the eye can see. Morgan Stanley Dean Witter is convinced that inflation and higher rates are just around the bend. That's all I need to hear. There...