Word: affective
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...mayor of the town of Alameda de la Sagra, says he's most concerned about the impact of the slump on his neighbors, some of whom are already in difficult circumstances because their mortgage payments have jumped while their shifts have been reduced. "It doesn't just affect the people who work in the brick factories," he notes. "It affects the truckers who transport the bricks, and the mechanics who take care of the trucks, and eventually even the bars where those workers go for a drink. It's like the fish that bites its own tail...
...Certainly the moves the administration have made so far are not directly attacking the financial issues that affect American homeowners," says John Vogel, a finance professor at Dartmouth's Tuck School of Business. "We need to refinance million of homeowners into affordable mortgages, and if rates go up that makes that job just much harder...
...once," he says, "we'll have to spread them out over two or three years." But he's most concerned about the impact on his neighbors, some of whom are already in difficulties because their mortgage payments have jumped while their shifts have been reduced. "It doesn't just affect the people who work in the brick factories," he notes. "It affects the truckers who transport the bricks, and the mechanics who take care of the trucks, and eventually even the bars where those workers go for a drink. It's like the fish that bites its own tail...
...considering the economic crisis, Nevins suggets that the very equanimity achieved through prayer may actually help solve the concrete problem. He says that prayer-induced calm could affect the economic spiral in a way similar to the case of a serious illness in which a miracle cure may not be in the offing, but "doctors have observed that people who have hope are able to have a better quality of life and better outcome in their healing." Says Nevins: "If people stampede and panic and liquidate their assets, then we'll all be in worse shape. So maintaining some perspective...
...financial activity to others makes it impossible to know what to expect in macro terms in the medium run. Indeed, Paul Tsang, senior vice president at Polaris Securities in Hong Kong, says he expects the rebound to continue as investors wait to see how the proposed bailout plans affect financial institutions, but that longer-term predictions remain murky. "My initial hunch is consolidation will continue for one or two weeks," he says. "After two weeks, we'll see another change, either up or down." - With reporting by Peter Ritter / Hong Kong (Click here to see photos of how London faces...