Word: pendulums
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...Johnson's slovenly idealism came at the end of a great liberal pendulum swing. His attempt to throw money at urban problems created all sorts of unintended consequences. It hastened a new culture of poverty, subsidizing the collapse of poor families, reinforcing a plague of out-of-wedlock births and soaring crime rates. And Bush's attempt to confront tyranny with utopian bellicosity may presage the end of the conservative pendulum swing. It flies in the face of reality. The Iraq fiasco has weakened our military and our standing in the world. Indeed, our intemperate behavior has sent a powerful...
...side and it's a laughing mouth, to the other and it's a frog's eye. Upside-down, it's a teacup handle. Or take Q. On its side, it's a magnifying glass or a tag on a dog's collar; upside-down it's a pendulum on a clock. This is hands-on entertainment (and education) in which part of the pleasure is physically rotating the book to follow each letter's permutations. For adults, Ernst's geometric designs and striking hues may evoke the color-field experiments of artist Josef Albers. Kids will be more interested...
...also facing renewed Kremlin control of oil-and-gas production. After a period of privatization and deregulation in the 1990s, the pendulum has swung the other way. That doesn't mean the central government wants to nationalize all energy assets, but it has put an end to generous tax breaks and has introduced other limitations on the private sector, particularly foreign companies. Under the terms of the Conoco deal, for example, the American company can raise its stake in Lukoil - but only to a ceiling of 20%, less than the 25% it needs to be able to block strategic company...
...also facing renewed Kremlin oversight of oil and gas production. After a period of privatization and deregulation in the 1990s, oil-industry specialists say, the pendulum has swung the other way. That doesn't mean the central government wants to nationalize all energy assets, but it has put an end to generous tax breaks and has introduced other limitations on the private sector, particularly foreign companies. Under the terms of the Conoco deal, for example, the American company can raise its stake in Lukoil--but only to a ceiling of 20%. That's less than the 25% it needs...
...drop tariffs it had introduced in 2002, though that market effect has yet to emerge. Dropping prices could make it harder for Mittal to service its estimated debt of $3.2 billion. At the moment, China is devouring raw material, which may cause a nasty glut when the steel pendulum starts to swing back the other way. And, notes Standard & Poor's Trask, "the new steelmaking capacity in China will eventually catch up with the growth in that region." China's steel output reached 192 million tons through September of this year, up more than 20% from 2003. In the long...