Word: saws
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...been critical of Washington's uninterest in the negative consequences of its economic and monetary policies for other countries - said he'd "noted with great attention the re-affirmation of American authorities... that a strong dollar was in their economic interest." A good sign, indeed. The Bush administration once saw the decline of the dollar as a boon to U.S. industry. But with investors continuing to bail on U.S. securities and monetary markets Thursday, the question now is whether American intervention alone can turn things around - or whether European politicians and central bankers must also pile on to the euro...
...ECONOMY 63,000 Net number of U.S. jobs lost in February, the biggest decline in four years, after economists predicted a gain of 25,000 $200 billion Amount the U.S. Federal Reserve pledged to inject into the banking system, prompting a March 11 market rally that saw the Dow Jones industrial average surge 417 points - its biggest one-day gain in five years...
...buzzy, fuzzy concept of convergence that has made him a player again. Just as in 2000, media and Web companies today talk of straddling a world in which users of any device--mobile phone, laptop, PDA, TV--can command voice, data, video, entertainment and games on demand. Messier saw that coming--perhaps too soon...
...mobile devices. Convergence of delivery and content, he promised, meant companies like his could offer it all. "Vivendi had the correct vision: the conversion of broadband and wireless to bring any content to anyone, anywhere, anytime, on any handset," Messier says. "That is all reality now. Anyone who saw me as a foolish guy in 2001 is quiet today...
...billion Amount the U.S. Federal Reserve pledged to inject into the banking system, prompting a March 11 market rally that saw the Dow Jones industrial average surge 417 points--its biggest one-day gain in five years...