Word: dangerous
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...recently canceled, source of Washington outrage - is a triviality. The AIG bonuses, on the other hand, are emblematic of the heads-I-win-tails-you-lose nature of Wall Street pay. This incentive structure was a major cause of our current crisis. It is an Important Thing, and the danger in the current Washington frenzy to do something is not that it will go too far but that it won't go far enough...
...injury is. An initial concussion, neurologists are now learning, can make a second concussion more likely, and the second injury, in turn, increases the risk of subsequent ones over the years. That's precisely the reason some NFL players become known as more concussion-prone than others. Worse, the danger is cumulative: later concussions may become not just more likely, but also more serious. "A sequence of mild events - even just two or more - can equal one big hit," Shealy says. That may have been what happened in Richardson's case, though no one has said publicly...
...losses in the Bavarian state elections that Zu Guttenberg was thrown into the spotlight. Last November the rising star won his party's top job. When Michael Glos quit his job as Economy Minister last month, the CSU decided to replace him with Zu Guttenberg. (See pictures of the danger of printing money in Germany...
President Barack Obama faces a daunting political reality: the world he envisioned in the spring and summer of 2008, when he was formulating his political strategy and building his political alliances, has been replaced by a world in economic danger...
...Citigroup, General Motors and General Electric are in trouble. The big-spending strategy employed by George W. Bush and now Obama has so far failed to turn around the economic decline. Congressional leaders are talking about the need for a second stimulus package. No one should underestimate the danger posed by these policy failures. Gigantic economic dislocations have gigantic noneconomic consequences. The Great Depression led to the rise of Nazi Germany and a militaristic Japan, the spread of communism and World War II. (See 25 people to blame for the financial crisis...