Word: rocketings
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...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, and the relentless shopper has also been critical to the growth in once booming exports led by economies like China...
...American consumers had become more addicted to debt than Wall Street was. Total household debt at the end of last year was $13.8 trillion, up 20% since 2005. At the same time, the household savings rate ticked down close to zero; the rocket's engine was running on empty...
About 13 minutes into the action, a penalty corner gave Harvard an early lead. Junior midfielder Kristin Bannon took the corner and sent a pass to Romanelli at the top of the circle. The senior shoveled a pass off to freshman Georgia McGillivraym, who wound up and fired a rocket past BC goaltender Julia Berkowitz...
...troops supported by tanks and artillery in one of the fiercest battles inside Pakistan since 9/11. Pakistan's army bosses say they have killed more than 1,200 militants, including foreign fighters from the Middle East and Central Asia. The militants, who are armed with Kalashnikovs, sniper rifles and rocket-propelled grenades, and who have built sophisticated defenses from which to fight, have destroyed at least one Pakistani tank and killed dozens. Pakistani soldiers. Local tribesmen, who have long resented the presence of foreign militants in the region, have formed their own militias to take up the fight. "This...
...enough to bring security to the insurgency-wracked villages of southern Afghanistan. Afghan police are only lightly armed. They carry AK-47s, and each truck is mounted with a Russian light machine gun. In Bala Beluk, Khodaydad's forces routinely face insurgents armed with an arsenal of mortars, rockets, rocket-propelled grenades, armor piercing rounds and increasingly sophisticated Improvised Explosive Devices. Between March 2007 and March 2008 police casualties hit 1119, according to the Ministry of the Interior. Afghan National Army deaths, by contrast, were 280. In the six months since March, another 720 police have died. "Our police have...