Word: stucke
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...Sadly, there appears to be no magic stock or sector that's going to ride to the rescue. Unlike the crisis of 1997-99, which was limited to this region, the U.S. downturn leaves all economies stuck in neutral. On the principle of first in, first out, you could invest in the U.S. where the economy will likely rebound before anyplace else. Which American stocks make sense? The safest bets are companies whose products are always in demand, downturn or no downturn?pharmaceutical manufacturers, for instance, or big food companies...
...love borne of desperation. Since Japan's bubble economy kerploded in the early '90s, every indicator has plunged relentlessly downward. The stock market hit a 16-year low earlier this year. Real estate prices have plunged so far that many homeowners are stuck in houses they bought at four times what they're worth today. Unemployment hit a post-war high of 4.9% last month, more than twice the rate in the 1980s. Terrified of losing their jobs, people are saving more and spending less, thus tightening the screws on retail businesses. City parks are haunted by homeless people. Suicides...
...shipped the mud off to Dubai, and agents sifted through it for forensic evidence--pieces of the boat and the two bombers that could provide important clues. Now there are no longer any American agents left in Aden. And the U.S. search for Osama bin Laden is still stuck...
...laughably off base. In Europe, everyone knows that GE's most determined opponent was United Technologies, Honeywell's jilted American suitor. Chris Bright, one of GE's lawyers in Brussels, says the Commission sent United Technologies away "to find the mud, and in the end, unfairly, the mud stuck." One more lesson: the slow confirmation process in Washington has a cost. Had James been confirmed as antitrust chief at the Justice Department by March, say, regulators on both sides of the Atlantic would have been able to discuss the merger at a high level--and maybe come to common conclusions...
This is a political loser." So Karl Rove has been telling President Bush about the battle over stem-cell research. Not exactly nuanced analysis from the President's chief strategist. Rove is stuck with the unenviable task of studying the science and politics of the issue and delivering a recommendation to his boss, who is poised to make a decision soon. Insiders say Rove personally leans in favor of research that uses fetal cell tissue. Politically, however, he's in favor of his boss's re-election. Polls indicate that a substantial majority of American Roman Catholics support embryonic research...