Word: control
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...possible benefit of turmoil: the bear market of 2008 may have ended the spendthrift ways of the 80 million--strong boomer generation, which is now heading rapidly toward retirement, and refocused them on saving. "We must have a reset on consumer spending; frankly, it is out of control," says Daniel J. Houston, president of retirement investor services at Principal Financial Group in Des Moines, Iowa. The average contribution to a 401(k) plan is 7% of salary, yet the average person may need to save 13% to 15% of his salary to maintain his standard of living in retirement...
Smith: In a more benign way, I would point to Eisenhower ... It was famous around the White House that if [he] was wearing a brown suit that day, stay away, because you didn't want to be around him. George Washington spent a lifetime trying to control his temper, not always successfully. Eisenhower probably did a more successful job, but that's not public ... On a brown-suit day, he was irritable. He could be curt, but ... most of the time, [he was] much more politically sophisticated than he wanted the public or the press to believe...
...million iPods, with sales quadrupling from 2003 to 2004, and again from 2004 to 2005. The iPod isn’t the only digital media player walking the streets, nor was it the first, but no one has been able to match its ubiquity.But as Apple’s control of the music player industry got more and more totalitarian, our musical taste got more and more democratic. Nirvana took indie mainstream in the 90s, and once the Internet made it cheap for smaller labels and amateur acts to get their music to consumers, it was a sonic free...
...Last month, when the government took control of mortgage giants Fannie Mae and Freddie Mac and pledged to inject $200 billion in capital into the home loan guarantors, administration officials said the moves would make it easier and cheaper for people to get home loans. Unfortunately, it hasn't worked that way. Mortgage rates fell sharply after the move, but soon reversed quickly, and are now higher than they were before the Fannie/Freddie rescue plan was launched...
...care doesn't sound like such a bad idea anymore. McCain had a feisty debate, with some high points and a bit too much anger to make Americans feel very comfortable in his presence, but to a very great extent, his fate - like this election - was out of his control. This is simply not a good year to say, "Joe, take care of your health care yourself." It seems an impossible year for McCain's Reagan Republican philosophy...