Word: prospect
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...prospect of a runaway economy complete with nasty inflation is unfathomable to a battered labor force more focused on getting or keeping jobs in the current climate. But Gross and other bond investors get paid to look far ahead, take their best guesses and place their bets accordingly. In the process, they exert near total control over the rate you pay when borrowing to buy a house, car or toaster...
...including stronger retail sales, corporate profits and manufacturing activity. But these could easily prove to be just a blip on the radar. After all, only weeks ago it was the D word--deflation--that was giving traders nightmares. Even Fed Chairman Alan Greenspan has publicly fretted over the prospect of the country succumbing to a Japan-like malaise with falling prices, though he says the possibility is remote...
...Hambali's capture was a serious setback for JI, but the prospect of his replacement by Azahari is hardly comforting. "Azahari was put through the most senior level training courses in Afghanistan," says Zachary Abuza, author of a forthcoming book on al-Qaeda in Asia. "He is charismatic. He has the ability to recruit. He's a very accomplished bomb maker. And his fingerprints are already all over [JI's biggest operations...
...Baghdad following street clashes last week in which at least one Sadr supporter was killed. Most troubling, from a U.S. point of view, are reports that Sadr has received political and financial support from Ahmed Kubeisi, a popular Baghdad Sunni imam who has preached forcefully against the occupation. The prospect of ecumenical unity against the U.S. and its allies among former rivals would be a significant force-multiplier for the insurgency. And, again, the Afghan model provides the political inspiration - after all, politically and ethnically diverse armies who were more than willing to kill each other once the Soviets left...
...allied intelligence over the extent or imminence of the treat. North Korea is currently believed to have the materials and the capability to assemble up to six nuclear weapons within a few months, and left undeterred it could build a lot more over the next decade. Besides the prospect of a nuclear-armed North Korea triggering a regional arms race and destabilizing much of Asia, Pyongyang's basket-case economy has made it almost heavily reliant for foreign exchange on the sale of missiles and other weapons systems. The fear that North Korea might eventually sell nuclear weapons to rogue...