Word: rashes
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...released by the University of Michigan Friday suggest that the pessimism may be leveling off. Car and home sales have held up reasonably well, drawing down inventories, a critical issue. Consumers have been refinancing their homes at the fastest clip in several years. Energy prices have stabilized. Despite a rash of announced layoffs, the unemployment rate remains low at 4.2%. And cash is piling up. Mountains of the stuff are accumulating in money funds--a record $2 trillion--presumably waiting to come back into stocks at the first sign of a revival...
...rash of what University Health Service (UHS) officials diagnosed
...recent rash of food-safety scares-and the huge cost of "emergency measures" to cope with them-has prompted calls for a greener and more rational cap. Renate Kunast, Germany's new Agriculture Minister, advocates dropping price supports and revamping subsidies to encourage small-scale organic farming, which emphasizes eco-friendly land stewardship, animal welfare and use of natural produce. Other politicians, ranging from Blair to German Chancellor Gerhard Schroder, have called for a similar reorientation of agriculture policies...
...Trouble is, that's where the airline business is headed too - and the family's getting awfully small. The Justice Department - with a very nervous Congress looking on - now faces a potential rash of mergers that could leave as few as three major airlines in control of the U.S. skies...
...final rash of penalties was part of a game bizarrely officiated by Dan Murphy. He called ten minors in the third period, after only nine combined through the first two periods. Through most of the period, the Crimson was the beneficiary of Murphy's desire to see specialty teams action awarding Harvard two five-one-three advantages...