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What, you have a brilliant plan to just buy and hold oil? Don't count on it. The bigger players know what you're thinking, and they'll drive the price temporarily down so you are forced to sell at a lower price - or risk losing more than you can afford. As the price falls, and all of the other "smart" traders around you are forced to unwind their long positions and sell oil, the price will fall even faster against you. Why would the big boys do this to you? Well, any money lost by one trader must...
...social mechanisms in China differ from those in modern Western societies. All of this, Jacques argues, means that the 21st century will be one of "contested modernities." Until around 1970, he says, modernity was, with the exception of Japan, "an exclusively Western phenomenon." But as China assumes a bigger role in global economics and politics, that is changing. (See pictures of China's infrastructure boom...
Without big national platforms and regular media access, far-right parties rely heavily on door-to-door campaigning and local meetings. The bigger parties ignore such old-fashioned techniques at their peril, says Eric Pickles, chairman of Britain's Conservative Party. "You've got a kind of [mainstream politician] representing those estates who didn't grow up on them, doesn't know them well and visits like a political tourist." Mainstream parties have "got to re-engage the population," he says. "You can't write the people off who voted BNP as all being Nazis. It's neglect...
...financial crisis, somehow we can afford to put this off. In some ways, I think it's just made it more urgent for some of the reasons you just said: A lot more people are losing their jobs, are vulnerable to losing their health care. Our deficits are even bigger, which means the load on Medicare and Medicaid is just going to get worse. If we don't do this now, we are going to be in a world of hurt later...
Which goes to show that for all the glimmers of hope in housing, there is still a long slog ahead. Because fundamentally, what a rational housing market means is that people can afford the homes they have and move to bigger ones only once they have decent and growing paychecks...