Word: bond
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...central bankers, Alan Greenspan is not an effusive man. But one economic phenomenon has driven the U.S. Federal Reserve Board Chairman to reach for the superlatives: in March, he marveled at the "extraordinary" efforts of China and Japan to prop up the dollar by pumping money into U.S. bonds. Japan's accumulation of U.S. securities, he declared, was "awesome." Indeed, in the first three months of this year, China and Hong Kong bought $167 billion of American securities (primarily U.S. treasuries and corporate bonds), while Japan bought $336 billion worth, according to the Asian Development Bank. Greenspan...
...central banks of Japan and China aren't buying American bonds out of charity. They're doing it to shore up the dollar and prevent their own currencies from appreciating; this is making their exports cheaper and more appealing to American consumers. One result is that Japan and China have been running enormous trade surpluses with America. They have then reinvested a chunk of that surplus in U.S. bonds. Trans-Pacific trade is thus starting to look like that theoretical impossibility, a perpetual-motion machine: America pays for Asian goods with borrowed money, then Asia uses the profits from these...
They're either sidekicks and just shags or on the other side. It's rather fun writing a female spy, because she has so much more kit. Bond never carried a hair dryer or a makeup bag. And he certainly didn't wear an uplift bra. It's amazing what you can put in the booster packs in the underwiring...
...problems like public housing and health care that they once saw chiefly as targets for tax dollars. Four years after Reagan left office, the enduring popularity of his ideas obliged Clinton to back away from his 1993 stimulus spending package in favor of a budget more agreeable to the bond markets. When Clinton's proposed health plan started looking like a return to Big Government, voters rose up to produce the '94 Republican sweep of Congress. By May of that year, only 2% of Americans were telling pollsters they had "a lot" of confidence that the Federal Government could tackle...
Molly M. Faulkner-Bond ’06 said that she thought the website was “grossly underutilized...