Word: scenario
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...cannot rescind the primaries and the political conventions. We cannot rewind the tape and start over again, rewriting the scenario, removing Bush and Gore and replacing them with ... whom? John McCain and Bill Bradley? That, in my view, would be a vast improvement in both parties. McCain and Bradley are both grownups, not the unseasoned, uncentered ones we have leading the tickets...
...swat to the rear-end is hardly analogous to the horrors of beating a child. Fair-minded people can disagree on this - as long as we?re actually talking about a quick swat, rather than a "let?s you, me and my belt go out behind the woodshed, son" scenario...
When my daughter first came home from preschool lousy and itching, I saw it as a good-news/bad-news scenario. On one hand we finally had that family of house pets we'd always wanted. Unfortunately, they were colonizing her head of beautiful, thick hair. Then they moved on to mine...
...numbers hint that such a scenario is taking shape again. Treasury bonds this year have returned 13.9% and cash (T bills) 3.9%, both outstripping the 2.2% return from stocks, according to Ibbotson Associates. The disparity is less dramatic after taxes. Bonds are taxed as ordinary income; stocks are taxed as capital gains, normally a lower rate. Still, these returns are unusual and suggest there is something in the air. Investors have responded by taking their most defensive posture in years. It all seems a little overdone. Few economists forecast a recession anytime soon. Yet with the often unsettling month...
...Pangloss rule unchallenged? Not quite. Lindsey sights two potential clouds on the long-range horizon. The more hazy threat, in an expansion still heavily dependent on business investment, is a decline in the yield on marginal investments--the last and most speculative dollars sunk into a venture. Lindsey's scenario: "The marginal investment yields a rate of return which is below the rate demanded by the markets. All of a sudden these investments don't look so good. A few bond issues fail. The economy can be going along just fine, and all of a sudden this hits...