Word: peoria
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...limited. You're not going to see a wealth effect" - a decline in consumption because people feel poorer when stocks fall - "and companies don't use the market as a major tool of financing." Investors who thus savaged the stock of, say, Caterpillar Inc., a heavy-equipment maker in Peoria, Illinois, because they feared the company's booming China business was suddenly going to fall off the cliff should probably rethink that a bit. As Jun Ma, the chief economist for greater China at Deutsche Bank in Hong Kong, says, "We do not see any significant impact of this market...
...food and lifestyles. Starbucks is importing its coffee-education strategy to persuade customers to splurge on a cappuccino. (A grande latte in Chengdu costs about $3.30, a huge sum in a city where locals typically earn less than $7 a day.) Starbucks has seven outlets in Chengdu (more than Peoria...
...January, President George W. Bush labored to make the case that the economy is "strong," using the word eight times in one speech in Peoria, Ill. In terms of the basic indicators of economic growth (now 3.5% annually) and unemployment (4.6%), he's right. But when you consider that 2% of current U.S. economic activity is the product of federal deficit spending and more than 6% is paid for with money borrowed from overseas (there is overlap between the two), strong doesn't seem quite the appropriate word. The bill is coming due--although probably not in northern Virginia, where...
...minor matter. The scandal now rocking Washington?involving as it does seemingly hypocritical diplomacy, arms deals and the secret funding of a guerrilla army?is much more comprehensible to the rest of the world, even if some of its features seem as bizarre in Perugia as they do in Peoria...
...happily by many older nuns, the headdress is for many of today's newcomers a desired accessory. "A lot of my older sisters would never wear the veil," says Sister Sarah Roy, 29, who is the only member of her Sisters of St. Francis of the Immaculate Conception in Peoria, Ill., to do so. (The others wear a simple dark dress adorned by a pin.) Though she admits "people just stare at you like you're a freak," she adds, "It's a trend with younger women wanting to wear the veil...