Word: riskier
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...that argued that you could fight and win wars with relatively few troops. The old, more cautious doctrine--inherited from the first President Bush and Colin Powell--was always to use overwhelming force for very narrow ends. Bush junked this military conservatism in favor of something far bolder and riskier...
...brutal disruption of Iraqi political life, they don't have the capacity to overthrow the government. But the government would be far more vulnerable to mass demonstrations and insurrection by the Shiite majority, for whom the demand for a democratic election is sacrosanct. Delaying the election may be a riskier proposition than actually holding one. But even if the poll date remains firm, the jockeying of rival parties for position in the election campaign could produce confrontations of a more complex nature. For example, the movement of Moqtada Sadr, the firebrand Shiite rebel cleric who has waged a guerrilla...
...money-market yields much above 1% for several years. This is the good news we have all been waiting for. Yet Wall Street has been acting as if something were terribly wrong. Long-term interest rates are notching higher, a clear sign that some perceive the investment climate as riskier. The 10-year Treasury-bond yield hit 4.8% last Friday, up from 3.7% two months ago. Mortgage rates are jumping too. The Dow sank to its lowest level of the year last week, briefly dipping below...
...that has kept him at the top of Hong Kong's fickle Canto-pop world. But at age 42, Lau is only just beginning to savor the challenges of his acting vocation. He is reshaping his career without the safely rounded edges of his leading-man persona, taking on riskier and more complex character roles such as the tightly wound triad spy he played in the hit Infernal Affairs trilogy. He'll even tackle subordinate parts if he thinks they are enough of a stretch. It's paying off. Last week, he won the Best Actor trophy at the 23rd...
Greenspan's advice for homeowners and home lenders was just as bracing. The former are paying too much for the peace of mind of a fixed-rate mortgage, he chided. In today's low-rate market, owners should consider the riskier but cheaper adjustable-rate mortgage. That is, if Fannie and Freddie don't go bust. Greenspan warned that the heavy debt of these lenders poses a catastrophic risk to the banking system. That sent their stocks tumbling--making millions of investors poorer. Apparently, the Fed chief had it in for bulls too. --By Daniel Kadlec. With reporting by Adam...