Word: spikeness
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...course, it isn't just big guns like Gross who have the power to move markets and cause interest rates to spike. Many bond traders are like Brian Edmonds, head of Treasury-bond trading for Banc of America Securities. Blond, trim and a former Harvard lacrosse player, he sits at his desk all day interpreting economic data and trying to predict what the zig-zagging numbers might mean for the market. When claims for unemployment benefits ticked higher last Thursday, it suggested weakness in the economy. Investors promptly bid up bond prices. But Edmonds saw hidden strength in the news...
There's optimism about the economy, and then there's acting on it. Executives at American multinationals showed a spike in optimism in PricewaterhouseCoopers' latest management survey. In May and June, 63% of the bosses were rosy on the U.S. economy. That's up from just 34% in the first quarter. But the same execs showed little sign of doing anything other than sitting on their hands. Plans to hire workers and spend on capital investment--the missing links in this recovery--changed little over the past four quarters (about 35% plan to add workers, and 41% plan more capital...
...August's deadline. Yet no one denies that Uzan's far-right nationalist Youth Party is a political threat. Support has risen in internal polls from 7% to 17% in the past eight months. A minimum of 10% is needed to win seats in parliament. Analysts attribute the spike to economic hard times - Cem is seen by many as a Turkish version of Silvio Berlusconi, an entrepreneur whose appeal lies in his business success and can-do attitude. But anti-Western sentiment is growing in Turkey in the aftermath of the Iraq war, partly as a result...
...prices that is likely to exact a heavy toll on low- and middle-income Americans, especially those living on fixed incomes. Home heating bills last winter more than doubled in some areas, and they are expected to go up at least another 20% this winter. Electric bills also will spike because generating plants are increasingly gas-fueled. And in places like Louisiana, where the petrochemical industry makes up a big part of the local economy, the shortage is causing a loss of jobs, with at least 2,000 layoffs so far. The entire industry may be forced to move offshore...
...That SPIKE LEE--everybody wants a piece of him. First the cable channel TNN tried to change its name to Spike TV. Lee (actual first name: Shelton) saw that as an infringement on his personal Spikeness and slapped TNN with a lawsuit. A judge has agreed to hear the case, but Lee has to post $2.5 million to cover the cable channel's losses if the verdict doesn't go his way. (Spike Jones Jr., son of the famous bandleader, is taking TNN's side in the case.) But the madness did not stop there: there's a canine conspiracy...