Word: ways
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Dates: during 2000-2000
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...year, a cabal of 28 suspected Bin Laden loyalists who met initially in Yemen was indicted by Jordan for plotting New Year's attacks on American and Israeli tourists. The country has also become a crossroads for veterans of the war in Afghanistan, some of whom later made their way to conflicts in Bosnia and Chechnya...
...Israel's adversaries found a new way to fight. They used infantry (equipped with small arms, rocket-propelled grenades and antitank guided missiles). In response, Israel put mortars on its tanks and practiced seizing the high ground in order to bring fire against enemy infantrymen...
...things are so good, why has Wall Street been doing so poorly, especially now that America has become a nation of stock traders? An explanation is that Wall Street has exchanged its traditional role of follower of economic trends for that of economic pacesetter. Consider the way that the dotcom mania showered wealth on every jaunty entrepreneur with the gleam of an idea but not a clue about earnings. In the past, the stock market would rarely show its checkbook to a start-up sans profits. And now that Wall Street has been burned, the fear is that the current...
Consumers are still spending with a vengeance. Use of revolving credit, largely credit cards, is way up--a startling 13.5% over last year's rate. That could mean a stronger Christmas season than the weak one expected--and more inflation worries...
Wall Street seems equally divided on the issue. "There is more ugliness to come," asserts Stan Nabi, chief investment officer at DLJ Investment Management, who notes that many tech stocks still trade way above the prices warranted by their earnings power. One common measure of value compares a company's projected annual growth rate with its current price-earnings ratio. If the P/E is lower, the stock may be attractive. A lot of tech stocks will grow earnings 35% a year in coming years but have P/Es way above that. Cisco, for example, trades at 148 times trailing earnings even...