Word: rubbings
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Europe has been getting that sinking feeling all year, an inevitable result of the U.S. economic downturn. After expanding 3.4% in 2000, the single-currency system could see its growth plummet to 1% or less this year. But here's the rub: even as the 12 member countries' economies languish, the European central bank, which conducts a single monetary policy for all euro-zone nations, has been very skimpy in lowering interest rates. After seven rate increases within a year, the ECB grudgingly dropped rates just once, on May 10--and then by a quarter of a percentage point...
...EUROSCLEROSIS Europe has been getting that sinking feeling all year, an inevitable result of the U.S. economic downturn. After expanding 3.4% in 2000, the single-currency system could see its growth plummet to 1% or less this year. But here's the rub: even as the 12 member countries' economies languish, the European central bank, which conducts a single monetary policy for all euro-zone nations, has been very skimpy in lowering interest rates. After seven rate increases within a year, the ECB grudgingly dropped rates just once, on May 10--and then by a quarter of a percentage point...
Thin, dull yellow, wooden benches line the stuffy waiting room. Barred windows send blocks of light onto a once white linoleum floor. Although this is a hospital, it smells of neither sterilization fluid nor menthol rub, but of human sweat. Along a dim hallway, young women in all stages of pregnancy wait on more paint-chipped benches. A metal examination table, stirrups down and unused, lies to one side. There is no central air-conditioning...
...most of Morpheus' users are honest enough that they wouldn't mind if a dollar was deducted from their bank account every time they downloaded an MP3 (it would be worth it to guarantee a complete, error free download every time). But there's the rub: nobody appears to be even thinking of offering what we might call Morpheus Plus. The business models of Napster and MusicNet call for tunes to come in their own limited, secure format rather than what consumers want, which is play-anywhere MP3s. They're about subscriptions rather than micropayments. They give no indication that...
...loud music and raucous, sweaty dancing. American servicemen are on the prowl for liquor and a good time. The local girls, Okinawans and Japanese, come out too, looking for some fun with the buff, dollar-rich and female-deprived American boys. Tattooed guys in muscle shirts and cargo pants rub against women in midriff-baring Tshirts and tight jeans, and as the crowd spills from bars onto sidewalks, the night shifts into hormonal overdrive. "Hey, we're 19-year-old guys, we're away from home, we're pumped up and we're horny," says a young Marine from California...