Word: weak
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...guide students without having some guidance myself, I went to a church that I had been told was progressive (the Unitarian Universalist Church in Boston) and that had been rebuilt from the ruins of fire. I went, moreover, as someone whose faith is, and may be always, small and weak. I felt strange walking to church, and stranger still entering it, for I am prone to skepticism, particularly where matters of the spirit are concerned. I know about the death wrought by religion, the divisive, imperial-laden turns it can take, the hatred it can pull out of the mouth...
...more in what promises to be a long era of Williams domination. The end of the summer saw two tournament wins in a row by the Williamses--Serena in Toronto and Venus in New Haven. This year's Open was the death knell not just for Hingis, whose weak serve and clever volleying look a century old, but even for the "veterans"--powerful Capriati and Lindsay Davenport, who just did not appear to be in the same league. The generation of Williams contemporaries--players such as Justine Henin and Kim Clijsters--may never...
...dollar's decline is dangerous. "It is extremely negative from the perspective of U.S. stock and bond markets because we rely heavily on foreign investors," says money manager Mark Lay of MDL Capital Management, based in Pittsburgh, Pa. "The weak dollar discourages foreigners from investing in our markets. And that could have a catastrophic effect." Foreigners hold about 12% of the U.S. stock market, 23% of corporate bonds, and 44% of the Treasury market. That's more than $7.3 trillion of U.S. assets, equal to 73% of America's gross domestic product, according to researchers at Bridgewater Associates, a global...
...need the world to have faith in our economy. Barring that, you need to dollar-proof your own portfolio. Multinationals could benefit from the weak dollar if there is increased demand for U.S. goods abroad, and earnings would get a boost when overseas profits are repatriated into dollars. "There will be more buying because of better earnings than there will be skittishness about being invested in dollar-denominated equities," predicts Eaton Vance Management's chief economist, Bob MacIntosh...
...GLOBAL MELTDOWN The high-tech bust makes Japan's recovery tougher. Exports are falling, and domestic consumption is so weak that prices are falling and banks are sitting on mountains of bad debt Koizumi's plan: The central bank is in effect printing more money to try to stimulate the economy. Koizumi wants to force bad businesses to fail, meaning more short-term pain Outlook: POOR. His reform agenda is in peril because of the economic slide