Word: breakneck
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...talks in Washington, China announced a token increase in the range in which it will allow the RMB to trade against the dollar. Beijing also raised interest rates and increased the amount of capital banks need to keep in reserve - both moves intended to slow China's breakneck economy. On Monday, Beijing also announced it was taking a 10 percent stake in the Blackstone Group, the big U.S. private equity firm that is about to go public on the New York Stock exchange, indicating that Beijing would like to earn a slightly better return on at least some...
...acting in “The Way of the World” encompasses as many shifts in mood as its staging does in tone. It is a difficult play to understand on the page, and even more so when the words are flying by the audience at breakneck speed. More than in most plays, how things are said in “The Way of the World” is at least as important as the lines themselves...
...Congress. Joe Biden is leading the way, seeking to have as one of the first acts of the new Democratic Senate a nonbinding resolution condemning a troop increase in Iraq. Others want action, not just words. On the presidential side of the party, Hillary Clinton has gone at breakneck speed from being a mild critic of the war to calling for a legislated troop cap and threatening to cut off funds for the Iraqi army. Obama and John Edwards are cheerfully one-upping her by demanding a firm schedule for withdrawing U.S. troops from Iraq. What happened...
...problem with excessive monetary and debt growth is that it always leads to inflation in one sector of the economy or another. In the 1960s we had wage inflation, in the 1970s consumer price inflation, and now we are in the throes of breakneck asset inflation. But every type of inflation eventually ends. And when assets deflate, economic activity will suffer. Business slows, lenders call in their debts, companies go bankrupt-all of which is bad news for stocks, especially those that are priced as if risk no longer existed. Economic history is littered with periods of asset inflation that...
...song’s somber subject matter. The video’s climax comes when Christina finally comes to terms with the permanence of her father’s departure. As the music swells, the quick-cutting montage depicting key scenes from her past accelerates to a breakneck pace and Christina belts out “there’s nothing I wouldn’t do / to have just one more chance / to look into your eyes / and see you looking back.” Then a bass-playing clown appears. It kind of deflates the moment. Once...