Word: weakness
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...this as an audition text for the President: "My God is good. Bin Laden's God is bad. His is a bad God. Saddam's God was bad except he didn't have one. He was a barbarian. We are not barbarians." Though the cancer had made his voice weak and raspy, Pinter had not forgotten the lessons of his years in repertory; the consummate actor delivered his screed with understated power...
Anecdotal evidence of a bleak Christmas shopping season are starting to be confirmed by hard numbers. On Wednesday, the Commerce Department reported that consumer spending in November declined 0.6% from an already weak October. Disposable personal income, a gauge of how much money consumers have after the bills are paid, also declined in November, albeit a slight 0.1%. What's more, a hoped-for uptick in sales on the final weekend before Christmas does not appear to be materializing. Along with the sputtering economy, heavy winter weather across much of the nation played a big role in keeping people home...
...Clinton's second term, a U.S.-led military intervention stopped the carnage in the former Yugoslav republic, followed by a peace deal forged by then Assistant Secretary of State Richard Holbrooke and signed in Dayton, Ohio. The deal, which carved Bosnia into two ethnically based statelets while retaining a weak common government, was so successful that vice-president-elect Joe Biden suggested it should be used as a model for ending the sectarian war in Iraq...
...that are specially marked down, giving new meaning to a "yen appreciation" sale. But a major concern for the Japanese economy is that currency rates, the dollar-yen in particular, are pummeling Japanese exporters as their products lose competitiveness abroad. Coupled with a general decline in global demand, the weak dollar-yen is dumping ice water on corporate profits at titans like Sony and Honda...
...company betting on a yen reversal may have a long wait. Tohru Sasaki, chief currency strategist in Tokyo at JPMorgan Chase & Co., believes the dollar-yen exchange is reaching a sustainable average. "The yen's level until last year was abnormally weak. Now it's coming back to normal," he says. Compared to the mid-1990s, he says, the strong yen's negative impact on the Japanese economy is "not that large." To have the same effect as the postwar peak in 1995, the exchange rate would have to reach 48 yen to the dollar, he says, because...