Word: cases
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...Environmental Hero" Shai Agassi claims that electric cars produce no carbon emissions. But the electricity to run such a car must come from somewhere. Unless the car happens to be in a nation that draws its power entirely from renewable sources (sadly not the case anywhere), electric cars serve only to shift the location where fossil fuels are burned. Ronan Evans, Jerrabomberra, New South Wales...
...foresee the consequences of the subprime lending crisis, so how can he be so sure what the consequences would be if there were no bailout? All he wants from the rescue package is to assist the owners of banks and brokerage firms. If this were not the case, he would have stipulated that every company must hand over a specific number of shares to the government for every bailout dollar it receives. Colin Segal, Sydney...
There may also be political reasons for this unexpected turn. When the crisis intensified in mid-September, Washington acted quickly. There was a Treasury Secretary to devise and present a rescue plan, and a Congress - after an initial case of the vapors - to act on it. But there is no Hank Paulson in Europe, nor a precise counterpart to Federal Reserve Chairman Ben Bernanke. Jean-Claude Trichet heads the European Central Bank, but it cannot play the lender of last resort, as the Fed did on Sept. 16 by loaning $85 billion to prop up the U.S. insurance giant...
...clustered expertise to challenge London's status. "I don't see how what is happening will upset London's position as the fulcrum of finance in Europe," says Marc Lhermitte, a partner at Ernst & Young in Paris who specializes in foreign-investment issues. And even in the worst-case scenario of continued market turbulence and a deep recession, the London economy has one crutch that won't be knocked down: huge government spending on preparations for the 2012 Olympic Games...
...Cantril posited that social panics occur when large groups can't discern reliable sources of advice from unreliable ones. The jumbled frenzy of 24/7 information access may be making our current panic worse. It's tempting to check your investments every few minutes. But having more information, in this case, isn't necessarily better. Panic attacks end when you take a deep breath, and a step back...