Word: crash
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...full-blown recession lasting three or four years or longer would be cause for concern. Morgan cites increased rates of depression and suicide in British cities that relied on steel and coal manufacturing in the mid-1980s, when factories started shutting down permanently. And the suddenness of the current crash doesn't make things easier. Former Lehman Brothers employees, he says, "have some emotional catching up to do," because they hardly saw what was coming and went right into the euphoria phase. "The instant high becomes a very severe low. I think there are people who are going...
...Senior-level bankers, on the other hand, have qualities that may work in their favor, aside from a cushion of accumulated wealth. They are older and have already been through market upheaval during the Black Monday crash of 1987. Morgan says they tend to be adaptable risk-takers who are good at networking and at articulating their worth. "It's the entrepreneurs who are going to succeed," he says. "It's not going to be the people who are waiting around for the next opportunity...
...calm the nerves of depositors and investors, promising coverage to foreign as well as local institutions. If the credit crunch shakes out speculators, known as "flippers," from Dubai's real estate market, that could help stabilize wildly inflationary conditions. "I am not necessarily thinking we are in a crash scenario," EFG-Hermes managing director Hashem Montasser tells TIME. "There is still genuine demand. Economies here are still growing. Overall, the economic situation is still very sound. We will see a deceleration of prices, and it's probably a good thing, as long as it's done in an orderly...
...Sarah Palin Needed a Crash Course She Never Got. The selection of Palin as McCain's running mate was initially a coup. It shocked the nation, rocketed McCain in the polls, especially among white women, and solidified support among the GOP base. McCain rallies suddenly rivaled Obama's rallies in enthusiasm and size. But while media scrutiny of Palin's record started to damage her maverick credibility (can you say Bridge to Nowhere?), her bubble truly got deflated by Katie Couric. Palin's two weeks of interview broadcasts on CBS Evening News coincided with a collapse in her approval ratings...
...right politician Joerg Haider, who died in a car crash on Oct. 11 at 58, was Austria's best-known person, his sharp and perpetually tanned features ubiquitous on television and in magazines. He was also its most polarizing figure. During a long and checkered career, Haider stood out from the crowd of postwar Austrian politicians with his good looks, athletic lifestyle and devilish talent for provocation: he played on and amplified anti-immigrant and anti-E.U. sentiment, courted pariahs like Muammar Gaddafi and Saddam Hussein and at one point praised Adolf Hitler's "orderly" employment policies...