Word: scenario
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...Moreover, a lack of experienced writers and actors might make the “reality show” genre even more attractive to studio producers, as these shows require neither a well-crafted script nor a skilled cast. There can be no question that the alien invasion scenario would be highly preferable to continuous episodes of “Street Smarts” and “Big Brother” incarnates...
...despite the Israelis' new hard line. The Palestinian Authority (PA) may be open to a cease-fire, but they'll need to extract a political price for it. In Athens, the PA reiterated its demand that talks resume where they left off with Ehud Barak, but that's a scenario Sharon has ruled out. The Israeli leader wants to restore calm and security, but he has no interest in putting the Oslo peace process back together...
...best case scenario...
...Finally, a worst-case scenario. The conventional wisdom holds that any decline should be less severe in Europe than in the U.S. simply because Europeans haven't relied as much on the stock market. They haven't watched a big portion of their net worth go up in flames along with the NASDAQ, so they still have money to spend and invest. But perception is important here, too. "Equity markets are seen as the bellwether of economic vitality," says Parker of the Royal Bank of Scotland. It's just possible, he warns, that with the U.S. and Japanese economies...
Then there's the worst-case scenario. Biggs expects real estate values to drop and banks to eat loan losses. The U.S., he says, has a 1-in-4 chance of lapsing into a deflation-ravaged economy similar to Tokyo's, though in his view it would last only two or three years--not a decade as in Japan...