Word: lowered
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Dates: during 2000-2000
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Rebels accuse the AUC of being a sinister arm of the Colombian military, but Castano denies any formal link. However, he does admit to having furtive contacts with the lower echelons of the army and police. But he says these ties are forged by having a common enemy, the guerrillas. "Once the superior officers come into battle, we clear off because they shoot at us," he says. So far this year, the army says it has killed more than 70 of Castano's milita and captured more than...
Take the economy. Everyone knows it's slowing and that corporate profits will fade in tandem. Bad news for stocks, right? But wait. With inflation tame, the Federal Reserve has room to lower interest rates, prevent a recession and kick off another bounteous period of accelerating growth...
...rally may yet come. As noted, the bulls can make a case, one largely hinged on lower interest rates. But for now, rates are steady, and the bears are in control. Long-term investors may want to start building positions. Don't be surprised, though, if tech bellwethers sink more before a sustained recovery. That's especially true of those with rich valuations like Cisco and fiber-optics darlings Corning and JDS Uniphase...
...didn't help matters on Wednesday, when it left interest rates unchanged, as expected, but then squashed a buoyant market that day by noting that it remains more likely to raise than lower rates in the near future. Economists still expect a rate cut by June. But the Fed added oceans of uncertainty to a market already drowning...
...more than 200 years, we have agreed that a ballot cast settles the issue. However the final, authorized vote comes out in Florida, the candidate with the lower number should do a Nixon: pick up the phone and show some grace...