Word: slow
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...sales rose only 1.3%. Scott Krugman, NRF spokesman and vice president, says the dismal forecast should surprise no one. "It is surprising that we had a year's worth of bank consolidations on Wall Street in a week, but low consumer confidence isn't," Krugman says. "This was a slow downward progression throughout the year as far as retailers were concerned...
Even hints from Federal Reserve Chairman Ben Bernanke, testifying on Capital Hill today, of a possible rate cut did not help. His prognosis that slow growth in the American economy, not inflation, is now the Reserve's primary concern only added bad news to a day that included fallout from yesterday's after-hours Bank of America announcement that it will need to cut its dividend and raise $10 billion in capital. The bank, which has acquired Countrywide Financial and plans to do the same with Merrill Lynch, dropped almost 25% on the announcement. Morgan Stanley shares also plummeted...
...been clear that a big part of any successful effort to beat him in the general election would have to involve defining him as unacceptable and unqualified to be Commander in Chief. Clearly, the Republicans have not done enough on that score to influence public opinion and slow Obama down, and McCain will need to use the vast audience tuning in to the final two debates to effectively paint Obama in those negative terms...
...critically endangered greater bamboo lemur, however, is far from alone. Thanks to deforestation, expanding human settlements, hunting and the slow burn of climate change, more mammals may be endangered today than ever before. According to a worldwide assessment overseen by the International Union for the Conservation of Nature (IUCN) and published Oct. 6 in Science, an estimated one out of four mammals is threatened with extinction. The populations of about half the 5,487 known species of mammals in the world, on land and in the water, are dwindling each year. "Our results paint a bleak picture of the global...
...slow descent into the Looking Glass land that hurricanes create begins just south of Houston along Interstate Highway 45, the road to Galveston Island. The first odd note is the number of blown out billboards and signs. The gold has gone from the Golden Arches, the toll-free phone number on the billboard for the class action law firm has been torn and tossed to the wind. Then the blue tarps begin to appear, stretched taut over the rooftops of strip malls and apartment buildings...