Word: chains
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Then there is the debt that set off this crisis: mortgage debt. Overly easy mortgage borrowing financed the house-price bubble. The bursting of that bubble set off the chain reaction of financial implosions that we are experiencing at the moment. Yet you rarely hear politicians calling it a bubble. In fact, constantly rising real estate prices seems to be regarded as some kind of natural right, or at least a natural state to which we must return as soon as possible. Getting prices "moving again"--which means moving higher--is one all-but-explicit goal of the Paulson bailout...
...stunned-silent congressional leaders: a stock-market crash, businesses going under, unemployment soaring, consumers unable to get so much as a car loan, banks failing so fast that they would quickly drain the federal deposit insurance fund--and with it, countless people's life savings. And unlike the chain reaction that came over the course of weeks and months in 1929, this one would happen in a matter of days, if not faster. "The chain reaction," said Paulson, "is quicker than in the past...
...together. Can we react quickly enough to deal with the modern world and the rapidly changing- saying it another way, there's so much complexity, actually over-complexity, in the financial system and the speed with which money and information moves has increased. And so when these events, the chain reaction surrounding these events is quicker than in the past...
...Cambridge. Topaz said the store sells jewelry starting at $40; T-shirts at Looks start at $20. Denise A. Jillson, the director of the Harvard Square Business Association, said that as of August, locally-owned and independent stores occupied 78% of the business locations in Harvard Square. Ice cream chain J.P. Licks also opened a store at 1312 Mass. Ave. this summer, welcoming students back to campus last week with a day of free ice cream. —Staff Writer Hee Kwon Seo can be reached at hkseo@fas.harvard.edu...
...Interior Ministry chief, told a packed news conference in the gloom-filled Pakistani capital. Contradicting earlier reports that the original target had been the nearby parliament building, where newly-elected President Asif Ali Zardari had earlier made his inaugural address, Malik said the bombers had targeted an "international chain" in search of "international attention...