Word: roaches
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...National Association of Business Economists reported that 84 percent expect an increase -- analysts are split on just how much gross domestic product can safely grow without overheating. TIME's Board of Economists were divided when they met last week with the magazine's editors; Morgan Stanley's Stephen Roach put the figure at 2 to 2.5 percent annually, while Edward Yardeni of Deutsche Morgan Grenfell thinks growth can exceed 4 percent...
...everyone applauds the Fed's inaction. Stephen Roach, chief global economist for Morgan Stanley, thinks higher rates are sorely needed to slow the economy and keep the bulls in their place. Fed Chairman Alan Greenspan said last December that the stock market was showing what he called irrational exuberance. Roach wants Greenspan to strengthen that warning when the Fed Chairman goes before Congress this week...
...year bull market, which has seen the Dow rise from around 2,400 in 1990, shows little sign of letting up. All that good news has investors confident of still higher markets, which is exactly what worries some analysts. "Unbridled greed and lust," said Morgan Stanley chief economist Stephen Roach. "There is a conviction that we are in a perfect world, irrespective of any growth rate, where we will never again have any problem with inflation, Fed policy and interest rates...
...Trier has always prided itself on its enlightened policy toward drug infractions. Some schools, such as nearby Glenbrook High, will permanently expel a student for merely having a roach clip. At New Trier, a student found for the first time under the influence of drugs or alcohol is suspended for five days, but four of those days are placed "in abeyance" if the student and his or her parents agree to go through a substance-abuse program together...
Shattered Roach Frostbite Asphyxia Bruise Plague Mildew