Word: specters
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...those are only short-term fixes. For export-oriented Asian economies, the specter of a protracted U.S. recession remains daunting. Tommy Lam, owner of a garment factory in Dongguan, a Chinese city near Hong Kong, says that he has already seen a reduction in demand. "We're not getting the repeat orders we're supposed to get," Lam says...
...seen in historical perspective, the McCain campaign's strategy against Obama is actually kind of shocking. For years, the recipe for injecting race into a political campaign has been clear. First, invoke the specter of black crime, as Lee Atwater did in 1988 when he vowed to turn murderer Willie Horton into Michael Dukakis' "running mate." Second, attack lazy people in the inner city, as Ronald Reagan did in 1976 when he condemned a Chicago "welfare queen." Third, bash affirmative action, as the late North Carolina Senator Jesse Helms did in 1990 when he ran an ad showing white hands...
...specter of global recession helped spark Monday's plunge in Asian stocks as Hong Kong's main index fell 5%, Japan's 4.3% and Indonesia's 10%. Markets ended mixed on Tuesday: Japan's Nikkei index dropped 3% while Korea's Kospi and Singapore's Straits Times index both rose slightly. But few were heartened by the feeble bounces...
...restructure the banking rules in Europe, one may be underway. Economists are warning that the Continent is facing its biggest crisis since the Depression - when Europeans also first mistakenly thought the problem would remain confined to the U.S. One leading German politician, Interior Minister Wolfgang Schauble, even raised the specter of the kind of longer term economic dislocation that led to the rise of Adolf Hitler. "Four months ago," says economist Schmidt, "I might have said that it may not get worse. But we have not seen anything like this before. I cannot say that we have reached the bottom...
...searching for a pump that isn't dry. And while oil companies said supply would improve by Columbus Day, the long lines aren't the only thing giving us déjà vu. We've got an unpopular President in the White House, trouble with Iran and economists raising the specter of stagflation. Russia has invaded a neighboring country. The Yankees couldn't make the playoffs. Breaker 1-9: Was that a purple Gremlin that just rolled...