Word: resulted
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...every Bacon is a triumph, however. As early as the mid-1950s, inspired by Van Gogh and by the keen sunlight of Tangiers, where he was spending much of his time in a miserable love affair, he attempted to work in brighter colors and with looser brushwork. The result was a few congested, conventionally expressionist canvases. But the movement to a high-key palette also opened the way to the orange, lilac and pale beige backgrounds that make his work of the '60s and '70s so unnerving, precisely because the agonized figures struggle in such bright spaces...
...back in 1998," says Eric Berglof, chief economist at the European Bank for Reconstruction and Development in London, who reckons the financial-market problems will result in a "smallish blip" in the economy rather than any bigger meltdown. Certainly, the situation today is very different from a decade ago, he and others point out: Russia currently has a whopping $550 billion in foreign-currency reserves, a hefty budget surplus, a negligible national debt and an economy that remains on course to grow by 7% this year. The fount of much of the nation's newfound wealth...
...spread of consumer finance such as car loans and home mortgages could be affected as a result of the expected shakeout, and some commercial projects are already being hit. Two leading developers, Sergei Polonsky - who is building Europe's tallest skyscraper in Moscow - and St. Petersburg - based Artur Kirilenko, recently announced a freeze on new projects...
...this portrait of a boy who endured a verbally abusive mother and grew into a man desperately dependent on a series of women to bolster his psyche--even as he became the richest person on the planet. Schroeder, a former insurance-industry analyst, spent years interviewing Buffett, and the result is a side of the Oracle of Omaha that has rarely been seen. When Buffett's daughter tells him he doesn't have to go to his wife's funeral, he is awash with relief: "'I can't,' he said. To sit there, overwhelmed with thoughts of Susie, in front...
...result was a staggering increase in capital inflows. The inevitable flip side was a staggering rise in the current account deficit--basically, the trade deficit plus a few other things. It grew from $114 billion in 1995 to $417 billion in 2000 to a record $788 billion in 2006 before falling to $731 billion, or 5% of GDP, last year. Political discussion of this shortfall usually focuses on trade agreements and exchange rates. But if the U.S. simply stopped borrowing so much--that is, if Washington balanced its budget and restrained financial companies from loading U.S. households with ever more...