Word: beared
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Potent lobbies for the elderly soon found an ally in Democratic Congressman Henry Waxman of California. "Senior citizens didn't create the deficit, and they shouldn't be forced to pay for it," he argued. "The elderly are being told they should bear the burden so that we don't have to raise taxes on the very wealthy...
...Have the crisis in the Middle East and the resulting oil shock finally launched the bear market you forecast in September...
...certainly think there is a severe business slump in our future, and I think what is so different this time is the recklessness of financial practices. That recklessness, if this does not sound too Calvinistic, will come to bear in the downturn, making it deeper than it otherwise would be. And the medium of that will be a shrinkage in the availability of credit. Just as the advent of ever longer maturities in car loans, for example, helped prolong and deepen the expansion, so will shrinkage in the terms of credit -- whether they be in car loans or mortgages...
What a difference an invasion makes. The enchanted moment is gone. From stock markets to supermarkets, high anxiety rules the day. Iraq's march into Kuwait on Aug. 2 has proved to be the catalyst that brought the world's ( economic weaknesses to bear all at once: America's profligate spending, Japan's speculative fever, Eastern Europe's huge renovation bill, the Third World's monumental debt...
...stock market began with fear of rising interest rates at home, and has been accelerated by rocketing oil prices abroad. Tokyo's Nikkei index has fallen from its peak of 38,915 last December to a closing price of 22,828 last week. "This has probably been the largest bear market in any country since World War II," says Peter Tasker, head of research at Kleinwort Benson International in Tokyo. In a fleeting burst of euphoria, the index zoomed a record 13% last Tuesday, but much of the gain was the result of frantic government moves to shore...