Word: sharpness
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...dialysis treatments for his failing kidneys. But he didn't die, and returned home, continuing to write. Clearly he found it enormously amusing to catch the medical profession flat-footed. He was a little pale when I saw him, but his voice was strong and his mind was as sharp as the day we'd met back in the 1970s, when he had stopped by the Newsweek office where I then worked, to crack jokes with Mel Elfin, the Newsweek bureau chief, and flirt with Amanda Zimmerman, Elfin's stunning assistant...
...better able to withstand potential shocks such as slower Chinese growth because it's more flexible and healthier, and because interest rates around the globe are relatively low. Kenneth Rogoff, a Harvard professor and former chief economist at the IMF, believes Asia is not immune to a sharp U.S. slowdown, although he says Europe may be better insulated because of its big internal market, which now covers 490 million people. But he also points out that, until the early 1990s, Japan was a vital source of global growth that virtually disappeared during the country's prolonged economic slump. "It turned...
...huge economic imbalances that are unsustainable over the long term. These include the U.S. trade and current-account deficits, the accumulation of $3 trillion in monetary reserves by Asian central banks, excessive debt growth and leverage around the world, and growing income and wealth disparities. A sudden, sharp reversal of any one of these imbalances could cause stocks to fall precipitously. The sell-off could be triggered by any number of lurking dangers-an adverse geopolitical event such as an act of aggression against Iran, say, or the implosion of a massively leveraged hedge fund, or a loss of enthusiasm...
DIED. Bong Soo Han, 73, Korean martial-arts grand master who introduced hapkido to the West; of complications from cancer; in Santa Monica, Calif. He moved to the U.S. after training in Korea in the art, which combines fluid, circular movement with fierce, sharp kicks. He taught thousands about "perfection of character" through his International Hapkido Federation, but was best known for his work in such films as The Kentucky Fried Movie and 1971's Billy Jack...
...than ordinary moments. But the connection is much deeper than that and dates back to our deepest evolutionary past. "The major purpose of memory," observes McGaugh, "is to predict the future." An animal that can remember the significance of that large, nasty-looking thing with the big teeth and sharp claws will survive longer and produce more offspring...