Word: phenomenonal
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...deficits. Asian countries have piled up more than $3 trillion in foreign-exchange reserves. And while currencies were overvalued a decade ago, they are undervalued today. The bitter fight between Beijing and Washington over China's massive surplus and undervalued currency is just the most visible part of this phenomenon. With the numbers the region is racking up, no currency trader would bet her Starbucks latte against Asian economies, let alone put real money into attacking Asian currencies. Banks around the region have been cleaned up. The fanciful projects of a decade ago-such as Indonesia's foolish and expensive...
History will soon unfold, either as a celebration of Bonds' feat or, more likely, one historically awkward moment, given the surreal, sad or even angry reaction to what should be an unforgettable game. Here are five ways to make sense of the Bonds phenomenon. Where do you fall...
...plants. Moreover, about half the 5,000 workers in Leipzig are not on BMW's staff; they either work for suppliers such as Faurecia or are so-called lease workers employed by specialized agencies and used by BMW when needed. That's a relatively new but fast-growing phenomenon: the number of lease workers nationally has more than tripled in the past decade, from 160,000 in 1996 to about 600,000 today, according to the Federal Labor Office...
...time with friends you used to drink with. It's that conditioned reflex--identical to the one that caused Ivan Pavlov's famed dog to salivate at the ringing of a bell after it learned to associate the sound with food--that unleashes a craving. And it's that phenomenon that was the purpose of my brain scans at McLean, one of the world's premier centers for addiction research...
Spending the Fourth of July in France is an eerie phenomenon for an American, disquieting in its silence, its indifference, its quotidian Frenchness. Absent is the cheesy but stirring spectacle: the miniature U.S. flags, the festooned Uncle Sams, the hot dogs and watermelons, the magnificent fireworks. Sitting in the Luxembourg garden (possibly the most beautiful place in the world) while reading Proust with a cheap but delicious bottle of Bordeaux, glancing up occasionally at kids kicking a soccer ball or the many menageries of pretty French girls, one wouldn’t even know the U.S. existed. Except...