Word: slower
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...recent turmoil just a short-term correction in a rising trend, as the Goldilocks crowd maintains, or are we faced with the beginning of a bear market? I believe it's the latter. For a start, monetary conditions and international liquidity have tightened as a result of slower credit growth and a housing slump in the U.S.-and no matter how much money the Fed injects into the system, housing is unlikely to recover swiftly because ultimately prices depend not only on money creation but also on demand and supply. Equally ominous, equity valuations remain decidedly unattractive in most markets...
...this good news on the ARV front, however, is in stark contrast to the slower progress being made on an AIDS vaccine. "What we're seeing now with ARVs is the result of investments that were made 10 years ago," says Dr. Seth Berkley, president and CEO of the International AIDS Vaccine Initiative, a leading HIV vaccine developer. "Funding for vaccine research has always fallen far short of that devoted to drug development, and for a period, there was very little happening in the vaccine field. Had there been a sustained vaccine effort simultaneous with the drug effort, we probably...
Sure, I experienced the frustrations of libraries that closed at 4 p.m. on Saturday, and short shopping hours on Sunday, but the beauty of living in Oxford was that life moved at a slower, saner pace than my hyper-scheduled Harvard existence. Rather than going-going-going all the time, I was sometimes forced to pause and consider why I was writing my dissertation, what I really wanted to be learning, and how I wanted to move forward after graduate school...
...allies, could have averted World War II. Are we proud that it took the Japanese attack on Pearl Harbor, and a German declaration of war against the U.S., for us finally to enter the war against Hitler? Then, even with the lessons of Munich fresh in mind, we were slower than we might have been to react to Stalin's aggression in Central and Eastern Europe. We foolishly (if inadvertently) suggested early in 1950 that we might not take action to protect South Korea, inviting aggression from the North. We pursued a policy of gradual escalation in Vietnam. Still...
...such as H&M, Zara and Mexx. These stores have figured out how to cut the clothing cycle down from six months to six weeks, so their racks are constantly replenished with fresh styles still wet from the runway. Gap, on the other hand, with its huge operations and slower reaction times, has been forced into the riskier business of guessing up front how a season's trends will play out (skinny jeans? newsboy caps?) and making huge bets on a few ideas...