Word: dropping
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Dates: during 2000-2000
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...found a crew of similarly skewed comic co-conspirators and perfected an improvisational technique that permits him to explore - with the sweetest, deadest pan - that place where our visions of glory ought to die for lack of nourishment but somehow survive on the crumbs of hope that drop from the celebrity culture's groaning board...
...Taking springwater out of any ecosystem is like taking blood out of people," says John Steinhaus, 62. And so began a war that rages to this day. Country roads are flagged with GO AWAY PERRIER! signs, and villagers brainstorm daily to keep multibillion-dollar Perrier from siphoning a single drop. They've even hired Madison attorney Ed Garvey, who brought the N.F.L. to its knees in 1982 by leading the strike...
...This is about the people vs. the powers that be, and we'll fight till we drop," said Chuck Hill, 66, the new town manager, one morning. I had invited five people to breakfast; 40 showed up. Thunder Valley Inn owner Anita Nelson, in Norsk regalia, got on the piano and pounded out an anti-Perrier sing-along to the tune of Battle Hymn of the Republic. And the lesson is this: never underestimate the will or resourcefulness of people who are snowed in half the year...
...defensive makes some sense. As the economy slows, assuming interest rates decline with the slowdown, long-term bond yields will decline. That makes existing bonds more valuable because of the higher interest rate they pay. Michael O'Higgins, manager of the O'Higgins Fund, believes T-bond yields can drop to about 4.6% in 12 months, from about 5.8% now. That would translate into a 15% total return for most bond funds...
...would get hit with a double whammy. It would lose some of the investment that has been keeping the boom going, and the dollar's value would fall, raising the cost of imports and the many U.S. products that are assembled partly from imported components. Feldstein figures a 15% drop in the dollar's value would translate into a two-percentage-point increase in the U.S. inflation rate. That, he fears, would be enough to persuade the Fed to resume a policy of anti-inflation interest-rate hikes...