Word: lowered
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Dates: during 2000-2000
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This is the way Boies rehearses for a critical oral argument: he is in a conference room in San Francisco, spending his Sunday afternoon preparing his appeal in the attempt to vacate a crippling lower-court order in the Napster case. Fueled on junk food (in his hierarchy of tastes, food is not far from clothing), he's thinking at times about another case that he will be arguing the same morning by teleconference to a panel of judges in Los Angeles. And for much of the day, virtually up to the last moments before he enters the marbled...
...week before, urging shoppers that this is "no time to fool around." Everyone from the Gap and Victoria's Secret to Circuit City, Wal-Mart and Home Depot is feeling the pain. Even online shopping isn't growing as fast as expected. Last week eToys announced its sales were lower than expected and it may run out of money in the spring. "For the consumer," says Richard Berner, chief U.S. economist at Morgan Stanley, "the negatives are beginning to outweigh the positives...
...been known to use Dumbo as a sedative, but most nights ours are the last voices our children hear before they sleep. An acquaintance once boasted that her three kids, including a toddler, put themselves to bed. All she had to do was turn out the lights and lower the volume on each child's TV. That sad image is enough to sustain me until our youngest is an adult, when Santa can do as he pleases...
...severe slowdown. They will fall further if a recession occurs. But if growth accelerates at the end of next year, as many expect, the market will lift off in advance. Stay diversified and mainly in blue chips. With mutual funds, consider those that invest in an index. Their lower fees help performance in a tough market. With bonds, longer maturities are best as rates fall...
...loud for interest-rate cuts, and he wouldn't point to Reagan as the source of some of his economic troubles. But George W., though the successor to a wildly popular Democratic economic legacy, has been lucky enough to see that legacy start fraying long before November. He can lower expectations without taking any of the blame, and with the mood as it is now he'll get credit for merely pulling out of the nascent tailspin, presumably with Greenspan's help...