Word: reasonable
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...Asian nation is taken into account. Because the period began with easy access to capital followed by a sharp drop in the stock market and property values, it is now being compared to what many economists believe began in the US two years ago. They fear, probably with good reason, that GDP growth will simply stay in a narrow band of extremely modest growth or no growth at all and the lack of consumer and business spending and demand for exports will cause deflation...
There are three possible reasons for the shortfall in demand. First, there have been disagreements over terms between some of the dealers who are packaging consumer loans and the investors they want to sell them to. The New York Fed has engaged both sides in several of these disputes and believes it can resolve the problems, says the Fed official. The second potential reason for the TALF shortfall is fear of retroactive penalties from Washington. "There's nervousness about the possibility of retroactive action by Congress," says a government official...
...That's one reason the U.S. occasionally finds itself threatening the right of women to control their reproductive decisions: Roe v. Wade was a court ruling, not the vote of an elected body, and so the vote of one new Supreme Court justice-a single person-could undo it. Unjust as it may seem, abortion rights in this country will always be tainted with Roe's undemocratic blemish. (See TIME's graphic "New Fronts in the Abortion Battle...
That's one reason failure in Afghanistan is not an option. An Afghan businessman adds another. He lived through the resistance to the Soviets in the 1980s, only to see the U.S. abandon Afghanistan when they left. Another betrayal, he thinks, could produce the same blowback that helped lead to 9/11. "If Afghanistan is sold out again," he says, "you would be basically giving 60% of the nation into the hands of the people who want to destroy the West. And I can tell you that these young Afghans are ingenious, they are creative and they know...
Both countries are hugely dependent on the petroleum deliveries that course through the Gulf of Aden and Strait of Hormuz to their ports. Defending those supplies is one reason both are building bigger and bigger navies. China's navy, with more than 300 ships, may in fact soon surpass the U.S.'s as the world's largest. Beijing is certainly sparing little to stock its ships with armaments. India, in the meantime, is acquiring several nuclear-powered submarines to augment its 155 military vessels in the ocean that bears its name...