Word: vortexes
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There is relief because the global meltdown that many feared a year ago has not materialized. "We got very close to the edge of a financial crisis we haven't seen since the 1930s, which had the potential of pulling into that vortex the financial institutions and markets of the core economies," says Kenneth Courtis of Deutsche Bank Group in Tokyo. "The hole was so big, you couldn't see the bottom." But the ho-hum reaction of world markets to Brazil's currency collapse shows, says Courtis, "that the emerging-markets crisis at least in this virulent first phase...
...bout of the Asian flu in recent months. But even if stock markets continue to bounce back as they did for much of October, the question remains whether the rest of the U.S. economy--and Europe's, for that matter--is about to be sucked into the Asian vortex. If so, that could well guarantee an American recession. And even if the economy shrinks slightly--a condition we are learning to call a "growth recession"--the result would be a drop in the rate of economic growth...
...best of Jamie Harrison's laconic Montana mystery novels, is the small town of Blue Deer, just miles from Yellowstone National Park but far, far away from anything resembling mainstream, middle-class America. Though it's not a high-crime zone by any measure, Blue Deer is a vortex of dysfunction, its geographic isolation breeding a sense of year-round cabin fever. Fretful, jumpy and deeply divided between new-money urban refugees playing cowboy and no-money long-time residents living off resentment and odd jobs, Blue Deer is also the "New West" in microcosm...
...criminal lawyer, but he knows how to do p.r. The bearded, besweatered, avuncular lawyer, looking every inch the indignant father figure, gave a string of carefully chosen television interviews. He directed his fire both at Starr and the President for "savaging" a "child." "My client...is at the vortex of a storm involving three of the most powerful people in the United States: President Clinton, Vernon Jordan and Kenneth Starr...
...pulled up to Burning Man for the first time several years ago, we were greeted by a fat guy riding a large, furry rabbit motor scooter. He sat behind the ears. Across the desert we could see a truck hauling a mattress behind it, stirring up a huge, blinding vortex of dust. Three passengers in gas masks were reclining on the mattress, waving insanely...