Word: pullback
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...Main Street's Pullback For millions of Americans, the prospect of living within their means is a meaner one by the day. And it has consequences that are already showing in the bankruptcies of retailers such as Linens 'n Things, Mervyns, Steve & Barry's, Shoe Pavilion, Goody's and Sharper Image and in the possibility of poor holiday sales. The overleveraged consumer is the biggest economic problem the country faces, because debt has been the rocket fuel that has propelled growth for most of the past decade. Two-thirds of the $14 trillion U.S. economy is driven by consumer spending...
...your credit's okay and you can actually afford the monthly payments. There is less lending overall, and that depresses economic activity. But with oil prices dropping again today, the single greatest scourge of American consumers this year - the high price of gasoline - is due for a further pullback. In New York and a few hard-hit real estate markets, this is a big-time crisis, the biggest since the Great Depression. For the rest of the country, the jury's still...
...standing in a farmer's field, smoke rising from a huge fire started by a Russian incendiary bomb that had drilled into the ground 15 minutes earlier, when the first report came that Russian President Dmitri Medvedev had announced a pullback of Russian forces and an end to the bombing. It was news to the villagers, who had just watched their wheat crop engulfed in flames a few minutes earlier and who had spent the night before sheltering in the forest from Russian attacks. But a visitor from a nearby town insisted it was true...
...reducing what was once solid and certain into sand. Lawmakers from both parties expected September to be a month of reckoning for the President's Iraq policy - a stop-or-go moment when the U.S. would decide whether to continue the surge or begin an inevitable pullback. But even before Petraeus and Ambassador Ryan Crocker utter a word to Congress, that debate looks almost moot. Bush appears ready to continue the surge for another six months or so, and the Democrats lack the votes to check him. So what will unfold instead in Washington this month is not a debate...
...salvage what we can from a mission gone bad. Even under the rosiest scenarios, the U.S. will suffer a humbling blow to its prestige as it leaves Iraq and the Sunni-Shi'ite civil war intensifies. But with the debacle would come some dividends. Done judiciously, a pullback from the war would start restoring America's ability to advance its interests and deter aggression beyond Iraq...