Word: steeper
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...hardly the kind of fireworks you expect amid record-high stocks and other bits of good news--energy prices easing, inflation ebbing. True, the economy is slowing, but profits are still growing, and long-term interest rates have begun to fall. Meanwhile, history suggests that the longer and steeper a market bust, the longer and more robust the recovery. And the 2000-02 decline was one for the ages: the S&P 500 fell 49%, vs. the bear-market median decline...
...trouble spots developing. One is the weak housing market, which is shutting down the easy money from home-equity borrowing. Another is higher rates, which have begun to hit home owners where it really hurts. Some $2 trillion worth of adjustable-rate mortgages is scheduled to reset at a steeper rate by the end of 2008, estimates Moody's Economy.com A recession next year is not out of the question...
Olmert's fall is certainly steeper than he anticipated when he took the dive. The Israelis calculated that their campaign, which has included strikes on not just Hizballah targets but also Lebanese roads, bridges and runways as well as a naval blockade--plus the explicit threat of worse to come--would cow Hizballah. In addition to maintaining a militia, the group functions as a political party and has a representative in the Lebanese Cabinet. Hizballah represents the traditionally downtrodden Shi'ites of Lebanon, who live mostly in the south and the Dahiya suburb of Beirut, areas Israel has hit hard...
...vacationers. One swoosh down Totem Tower at the Great Wolf Lodge in Williamsburg, Va., and Andrew Lappas, 5, seemed bored. "I thought, Uh-oh, one run and we're done?" his father, Chris Lappas, 40, recalls with a laugh. Before long they discovered the indoor water park's longer, steeper tunnel slides--they start atop a four-story staircase and snake in and out of the cavernous hall into a plunge pool below--and Andrew was hooked. "We proceeded to go down about 25 more times," Lappas says. "By the end of the day, the kid was toast...
...national healthcare "thought leader" at the consultancy Mercer Health & Benefits, to assess the best places to outsource elective surgeries. Procedures in Thailand and Malaysia, he found, cost only 20% to 25% as much as comparable ones in the U.S.; top-notch Indian hospitals sell such services at an even steeper discount...