Word: steep
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...latest quarter for which results are in--the one that ended in September--the economy expanded at a 2.2% annual rate, a steep drop from the 5.2% annualized rate of the first half of 2000. Economists at J.P. Morgan Chase predicted last week that growth in the first half of next year would drop to less than 1%. And a few experts even predicted recession...
...Bush isn't talking so gloomily because he's panicking. Greenspan hasn't let the U.S. economy so much as scrape its knee in a long, long time. The plane (sorry about changing that metaphor), which has been on a steep ascent all year, is leveling off as corrections in the markets provide a downdraft and the New Economy succumbs to a touch of jetlag. But we haven't crashed yet, and we jettisoned inflation fears over Lake Michigan sometime this fall...
Bush is a little vague on a lot of things. Yes, we are looking at a steep learning curve. The worst moment of the 36-day Long Count was probably when Bush, attempting to "look presidential," held a mock Cabinet meeting, in the course of which he observed in an appallingly chipper manner, "There are issues in Israel right now that I'm looking forward to hearing about...
...Costa Rica are lower than in the U.S., capital gains are tax free, and the dollar's value against the local currency, the colon, has enjoyed a steady upward trajectory that keeps pace with the increase in the cost of living. On the other hand, sales tax is a steep 13%, and heavy import duties are levied on some assets, like cars. Complicating many financial transactions is the Costa Rican banking system: waiting for a check to clear requires extreme patience...
...bedrooms, two bathrooms, central air conditioning, an outdoor barbecue grill, a large TV, VCR and CD player, and cockpit controls. That was just the lower deck. Up top was a second cockpit, a wet bar and another refrigerator. Our girls zeroed in on what counted most for them--a steep water slide right off the top deck...