Word: capitulationism
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Over a year ago, on this same page, I called for Sen. Joseph I. Lieberman to follow his political instincts and officially switch parties, thereby sacrificing his powerful political position in the pursuit of transparency regarding his motives and party status. Yesterday, after a year in which the Connecticut senator...
The answer is that outrage has given way to smugness, the kind of self-satisfaction conservatives displayed after electoral successes in 1980 and 1994. Groups like the Cabinet and the Democracy Alliance suggest a new kind of moneyed progressivism, one that shows little of the class discontent that animated earlier...
If you're thinking for the long term, it still is. To stock watchers, the flight to safety--capitulation, in other words--is a good thing, signaling that a market bottom is near. More important, though, says Tom McManus, chief investment officer at Wachovia Securities, is your own comfort level...
Call it capitulation: around the world, traders spooked by no end of bad news are dumping shares wholesale. That process continued on Friday as indexes in Asia and Europe opened trading with breathtaking falls of up to 10%. Though most markets partially rallied to limit losses to single digits, it...
Thabo Mbeki called time on his presidency on Saturday, after South Africa's ruling African National Congress (ANC) called on him to resign - opening the way for his rival and successor as party leader, Jacob Zuma, to be voted in as President despite allegations of corruption against him. ANC party...