Word: potental
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...Ronald Reagan began his second term in 1985, the dollar was sliding and the U.S. was running up big deficits as a result of tax cuts and increased military and other spending. Back then, the American economy entered a turbulent decade of budget consolidation that included a short but potent recession and bitter battles over spending cuts. Tyson and Sachs believe President Bush may be in for an equally turbulent ride during his second term. The Bush Administration is promising to reduce spending over the next five years. But as it pursues a massive plan to overhaul the nation...
...Those challenges are always there. "The jigsaw is never complete," says the RBA chief. What's new, however, is that the risk of error - doing too little or too much, acting too late or too soon - is now greater. Monetary policy is such a potent tool these days because of the record level of household debt and the cost to service it: $1 out of every $10.75 in disposable income is eaten up by interest payments. That's higher than in the late '80s when home mortgage rates were 17%, compared to around 7% nowadays. If rates rise, it doesn...
Harvard committed just nine turnovers, grabbed 70 percent of the boards on its defensive glass, and held Cornell’s potent trio of Eric Taylor, Lenny Collins, and Cody Toppert to just 23 points combined...
...membership is also casting its spell over former Soviet satellites such as Ukraine, where President Viktor Yushchenko is pushing a reform agenda meant to win candidate status as soon as possible. The E.U.'s power doesn't come across with shock and awe, but it is a potent force just the same...
...even his or her personality. "A patient's psychological preference for treating pain can be more important than the amount of medication," Palmer says. She cites the case of an elderly woman with arthritis in her back who preferred taking the oral narcotic Vicodin to using a more potent opioid drug delivered through a patch. "The Vicodin wasn't nearly as powerful as the opioid patch," says Palmer, "yet it gave her more pain relief. That tells you this is a patient who wants control. In some patients the psychological impact of being able to open a pill bottle, pull...