Word: worsens
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...line at its November meeting, and TIME's economists think it will continue to do so, or at worst will raise rates only slightly. Fed Chairman Alan Greenspan might like to boost them more to head off any future inflation, but he will likely fear that that would worsen the impact of Asian troubles on U.S. financial markets...
...worsen an already panicky situation, says Jeffrey Sachs, the director of the Harvard Institute for International Development. In Thailand the IMF plan required the government to close 58 financial institutions. When that became known, "the panic intensified," Sachs says. "Rather than restoring confidence, the IMF's intervention merely confirmed to investors that they were right to flee." Meanwhile, financial institutions that will be closed because they cannot satisfy strict standards of reserve capital will have their assets, mainly foolhardy real estate developments, auctioned off. But that massive sell-off could lead to a sharp fall in values that will affect...
...Japan owns more U.S. Treasury debt than any other nation (more than $300 billion), a sell-off would cause U.S. interest rates to climb, which would bludgeon stock prices and endanger America's economic expansion. The yen could plunge in value. Cheaper Japanese products could flood the markets and worsen the U.S. trade deficit. A trade war could result with America's third largest trading partner...
...authors certain that an America devoid of racism--and of affirmative action--would match their dream. "The fabric of society is very complicated," allows Abigail. Why, for example, did so many negative forces--high crime, low test scores, family breakdown, joblessness, poverty--worsen for black communities in the years after 1970? The book suggests it was ugly black rhetoric, ensuing white anger and the failures of affirmative action that accelerated pathologies in black communities--not the rise of drug use, or turmoil over the Vietnam War, or changing sexual mores, or a general cynicism about authority, which affected society...
...important step towards isolating a parallel gene in humans. This could allow scientists to zero in on the causes of diseases such as insomnia and depression that are related to disturbances in circadian rhythms. It may also help explain why medical conditions such as asthma and heart disease worsen at certain hours. To do so, scientists must isolate ten more genes related to bodily rhythms. Maybe even in humans...