Word: siphon
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...Europe--and certainly than in Japan--for this year at least. Asian countries are recovering rapidly from their 1997-98 debacle; forecasts for expansion this year range from 3.4% in the Philippines to 6.8% in Malaysia. But Asian economies must reduce a huge overhang of debt before they can siphon away any investment now going...
...Nader is able to siphon away even a small percentage of the liberal/progressive vote, the presidential prospects of Democrat Al Gore '69 may suffer...
...likely to sit in the Oval Office, but his campaign could be important. Last week a poll showed Nader getting 5.7%--versus 3.6% for likely Reform Party nominee Pat Buchanan. Nader scored close to 10% in the West--an omen for Democrats who fear that he could siphon California votes from Al Gore and throw the state to George W. Bush. Nader plays especially well with the elderly over 70--worried about prescription-drug benefits--and with the young. "He's retro cool," says John Zogby, who conducted the poll. "The same way my kids like Led Zeppelin and Cream...
...just how does it work? Well, let's start with a simple notion: news matters. When Alan Greenspan raises interest rates, as he has been doing for nearly a year, interest-paying investments like bonds and even scorned bank CDs siphon dollars from the stock market--and stocks become less attractive. When the government wins big in a court case that could bust up one of the most valuable companies in the most valuable industry in the world, as happened in the Microsoft trial last week, it breeds uncertainty--and stocks become less attractive. When the market's most credible...
...they can be purchased from Atomic Pop's website in the form of a CD or a downloaded file. The musicians keep half the revenue, compared with the 10% they get in traditional major-label deals. Start-up Web labels pose threats to the majors, but they also may siphon the audience that frequents all-comers sites like MP3.com by going after high-profile artists and acting as a filter for all the noise...