Word: calm
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...recession and yet another bout of unsustainable, debt-fueled consumer spending. There seems to be little controversy over whether the Fed should ease rates, but there's lots of controversy over when and how much. The Jan. 22 rate cut came as a shock, but it did seem to calm the markets, if not buoy them...
Luckily, my translator had a booming voice, and he shouted at the crowd to calm down. He explained that it had all been a big mistake, the soldier had not intended to insult their national flag, he had merely been misinformed by his Kurdish translator. To my relief, the Iraqis were mollified. Some laughed, others made wisecracks about Kurds...
...festival's hotter tickets, a ChefDance dinner at Harry O's nightclub. "There's something on the table. The writers are gonna have to have really strong reasons to turn this down." A film buyer sipping champagne at the bar expressed hope that the prospect of a settlement might calm Sundance's expected buying frenzy. "The prices here were supposed to go nuts with everyone desperate to fill their slates because of the strike," he said. "Hopefully now it will settle down to where it should...
...Lewis can't muster much enthusiasm for his new role as savior. "It's nice that we could to some degree have an effect that would calm the markets" is all he will admit. BofA can't bail out the Wall Street banks, which have been busy trying to save themselves after absorbing some $100 billion in losses. Citigroup, reeling under the weight of its own sub-prime damage, announced a $9.8 billion loss for the fourth quarter of 2007, forcing it to seek $12.5 billion in new capital from investors including sovereign wealth funds run by Kuwait and Singapore...
Burrell - exasperated but calm - relented, saying yes, it was true that he had been worried about the Princess entering a relationship so soon after her breakup with heart surgeon Hasnat Khan. Especially since Burrell was convinced she still loved her ex. "I wanted what was best for her," he said. "And I was concerned also for Dr. Hasnat Khan... I was concerned about how he would feel, knowing that he was desperately in love with the Princess and knowing she was desperately in love with him." (Khan has played a starring role in this inquest, but only through the stories...