Word: bond
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...declared itself officially out of the stimulus game, returning its interest-rate bias to neutral after 11 straight cuts and readying the markets for a return to - gasp - inflation watch. Greenspan won't be intervening in this economy again until it's time to slow it down, and the bond markets aren't waiting, pushing up market interest rates on those very fears. The window of opportunity that gave consumers most of their extra 2001 spending power - great mortgage-refinancing deals and low-interest rate loans - is closing fast...
...story of Ilyumzhinov's rise to power reads like a James Bond movie scripted by Vladimir Nabokov. Like many other chess players, Ilyumzhinov was a prodigy. At 9 he was the chess champion of his native Kalmykia, a tiny, impoverished Russian republic populated by the descendants of Genghis Khan. But his talents went beyond pushing pawns. In his 20s he made millions running a string of banks in the early wildcat years of post-Soviet Russian capitalism. At the tender age of 31 the dapper Ilyumzhinov (he has a fondness for white capes and vintage Rolls-Royces) was elected President...
...loss and betrayal so many American Catholics are experiencing because of the widespread sexual abuse of children by priests [VIEWPOINT, March 4]. The cover-up of their behavior by our bishops is shocking. The damage to these children, their families and the people of our church has broken the bond of sacred trust that once held us together in community. MARY KAY COLEMAN San Jose, Calif...
With his mop of frizzy hair, thick eyeglasses, and shiny, polka-dotted shirts, Lawrence Lee bears a striking resemblance to Austin Powers in The Spy Who Shagged Me. He prefers to think of himself as "the guy behind James Bond, 007." His ramshackle office in a low-rent district of Taipei is lined floor to ceiling with spy gadgetry: neckties fitted with lenses, cameras disguised as Bibles, infrared goggles. If you are lucky, he will show you his small library of Japanese manuals with detailed instructions on how to secretly film your neighbor's underpants...
There will be much to test the Bush-Blair bond in coming months. If it comes to war, Saddam could be deposed quickly as optimists suggest; or he could rain wmds on Israel or stash his tanks in the cities, daring Bush to bomb civilians. Meanwhile, a struggle looms over the role of the U.N. For many countries, another U.N. resolution will be needed for them to back an attack on Iraq. German Chancellor Gerhard Schröder says he "can't imagine" helping otherwise. If only to build public awareness of Saddam's recalcitrance, Blair backs a campaign...