Word: weakenings
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...heard such naysaying before. This mighty bull market long ago trampled traditional value measures such as stock prices relative to corporate assets and dividends. Investors--correctly, it turns out--laughed off the notion that the market must weaken just because dividend yields (annual dividend divided by stock price) sank to below 2% when they've rarely been below 3% any time this century. They also laughed off gobs of anecdotal evidence that prices were precariously high: cab drivers offering mutual-fund tips, barbershops tuned to CNBC, record prices for seats on the New York Stock Exchange, exploding margin debt...
...prepare for an evacuation. Now that the crew has managed to reconnect the power cable, Mir is reorienting towards the sun and recharging its near-depleted power supply. The close call, coming just as the Columbia space shuttle was touching down after a perfect mission, is certain to weaken reinforce strong doubts in Congress about further participation by American astronauts in the threadbare Russian space program...
...chief, but the new regulations still face a challenge by Congress. Many Republicans and some Democrats have vowed to pass a law overturning them. Support for the EPA crosses party lines: Republican Senator Alfonse D'Amato of New York announced last week that he'd fight any attempt to weaken the rules. And even if Congress passes legislation to overturn the rules, opponents would probably be unable to muster enough votes to override a presidential veto...
...serious problem, the President is stalling on supporting a bill once again making its way through the House that would authorize an official apology for slavery. "To say it's wrong and that we're sorry about it is not a bad thing,? Clinton said Monday. ?That doesn't weaken us. Now, whether this legislation should pass, I just need some time to think about that." The President has said he would not support the next step, making monetary reparations to descendants of slaves, but a CBS News poll released Sunday indicated that a government apology may not be enough...
PARIS: Chirac's decision to dissolve the National Assembly and call for early elections proved to be an enormous blunder, one which will severely weaken his administration and most likely shift the balance of power towards the new Socialist prime minister, Lionel Jospin. But Paris Bureau Chief Sancton says that the powers vested in the French presidency will allow Chirac to maintain significant influence. "You hear people talking about him as a lame duck, but under the French Republic, the President has certain reserved powers, areas in which he is preeminent. These include foreign policy, security policy and diplomacy...