Word: credit
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...main schools of thought on the direction the economy will take in 2010, and they couldn't be more dissimilar. J.P Morgan Chase's chief U.S. equity strategist Thomas Lee is an advocate of the more optimistic outlook. He sees the Federal Reserve keeping interest rates low, credit rushing back in to households and small businesses, consumer demand taking off, employment rebounding and the S&P 500 rising 18%. (See the top stocks of the decade...
...other end of the spectrum are the likes of David Rosenberg, chief economist and strategist at Gluskin Sheff. He holds that this year's stock-market uptick can be almost entirely credited to government intervention and stimulus, and that the true, underlying trend of tighter credit and reduced spending will re-assert itself and be with us for years to come. "We have said repeatedly that this recession is really a depression," Rosenberg recently wrote...
...bath or steal mint-chip ice cream from the fridge - a "Goldilocks thing," one investigator says. Initially, Harris-Moore seemed to steal only what he needed for life in the woods. "He's a survivalist," says Archibald. The teenager allegedly used one homeowner's computer and credit-card information to order bear mace and a pair of $6,500 night-vision goggles. (See the top 10 gadgets...
...More cynical observers think the answer is rooted in the fact the Reid faces what could be a difficult re-election in Nevada next year. "The reason was clear," wrote Washington Post columnist Dana Milbank. "The attempt would excite his Democratic base in Nevada, which would give him credit for trying even when the plan ultimately failed, as it did this week. But Reid seemed not to have considered, or cared about, the collateral damage: forcing moderate Democrats such as Blanche Lincoln of Arkansas to cast a procedural vote in favor of the public option that could prove ruinous...
...will get the credit for ending Sri Lanka's 26-year war against the Liberation Tigers of Tamil Eelam: the tough Army commander or the President who appointed him? That's the question at the heart of island's Jan. 26 elections that will pit President Mahinda Rajapaksa against retired Lieut. Gen. Sarath Fonseka. A political novice, Fonseka may not have the organizational strength to beat Rajapaksa, but he has proven to be a sharp thorn in the side of a president who recently seemed unbeatable...