Word: dipping
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...Deutsche Bank all predict that the benchmark short-term federal-funds target rate - at just 1.75% - will go to 1% by the end of the year as Fed Chairman "Sir" Alan Greenspan (soon to be knighted for his role in the global economy) dons armor against the double-dip recession dragon. A quarter-point cut could come this week. A lower fed-funds rate is bad news for savers. Yields on things like money-market funds and short-term bank CDs, already under 2%, would drop further. Meanwhile, long-term rates, which the Fed does not control, could push higher...
Only a slip back into recession--the dreaded double dip--could take stocks much lower, says Straszheim. For that reason, he and others worry about the latest tea-leaf readings. Gross domestic product grew at an annual rate of just 1% in the second quarter, down from a 5% clip in the first quarter. And the recovery in manufacturing appears to be slowing. Such worries helped erase part of the market's recent gains, as the Dow fell 230 points on Thursday and an additional 193 points on Friday...
...that never aired called The Gamut." Kelly Ryan, a waitress in Studio City, Calif., parlayed a Blind Date appearance into stints on dating-game shows SexWars (she won $4,000) and Friends or Lovers. Ryan played the wild girl on her date, coaxing her beau into a hot-tub dip (surprise!) and a shower. The budding nightclub singer said her bikinied escapades helped increase her, er, visibility. "So many customers would tell me they saw me," she says. "They've played my segment close to 80 times...
...economy" stays stable and the markets settle down. More made-for-TV indictments are likely this week, which will help too. But just in case, one topic slated for discussion at the Waco forum is--as White House communications director Dan Bartlett puts it--"ways to avoid a double-dip recession." And as some economists point out, on a graph, a double-dip recession looks like...
...very funny Nicky Katt) explains to Eva Braun, "I'm too committed to my work to maintain a relationship ...I'm taking a swim in Lake Me." This beguiling film is about whether its attractive egocentrics will ever stick their toe in Lake Anybody Else. For an invigorating summer dip in the waters of Lake Smart, dive into Full Frontal...