Word: betting
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...Bet you never thought you'd find a politician named Buffie out in Colorado. I tell folks it's short for buffalo." McFayden, a force of nature, explained that her district had 12 prisons and a solid Republican majority that voted for her because "the right's gone so far to the right, you can't recognize them anymore. When the wingers accuse me of being a liberal, I say, Sure, if you mean that I'm in favor of staying out of people's private lives and balancing the budget and I'm against stealing...
...went a step further than she had before: "I support putting a cap on the number of American troops as of January 1st." In the end, she may be able to triangulate successfully between the dangers of Muskie-esque centrism and Kerry-esque accommodation to the left. I'd bet on her if her competitors remain limited to candidates like Senators Edwards, Barack Obama, Joseph Biden and Christopher Dodd...
...years, but so far none have come back down to earth with the same force. Perhaps most surprisingly, American consumers are continuing to spend, regardless: automobile purchases are sluggish, but monthly retail sales rose by a higher-than-forecast 0.9% from November to December. "I'm not prepared to bet against the American consumer. That's a highly dangerous proposition," says Jesper Koll, chief Japan economist for Merrill Lynch...
...adverse geopolitical event such as an act of aggression against Iran, say, or the implosion of a massively leveraged hedge fund, or a loss of enthusiasm for the popular but perilous yen carry trade, whereby speculators borrow money cheaply in Japan's currency and then use it to bet on higher-return assets around the world. If that rich source of global liquidity were to dry up, the impact would be far greater than today's sanguine investors realize...
...Kristol's lofty arguments to support the "surge," he forgot to mention one thing: more troops means more deaths. He asked that we bet hundreds of billions of additional dollars and risk thousands more casualties on the faint hope that we will prevail, despite the conclusion of many Americans that the chances of success are almost nonexistent. Kristol may disagree about the odds, but the neocons have been wrong about everything in the past four years. Why should we believe them...