Word: deal
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...Robert] Kearns, here's a guy being marginalized by the Ford Motor Company and subsequently is marginalizing his own family. I suppose, if you look at Little Miss Sunshine, there was a guy who was losing his way with his family over his pursuit of a 10 Steps deal. Characters that have a real strong identification to whatever they're trying to achieve in spite of whatever obstacles are in front of them are always engaging...
...Depression 2.0 Can Still Be Avoided At the moment, a reworked bailout deal seems likely to pass. But the world may still be heading for a severe downturn. Interbank lending remains stubbornly frozen, despite the Fed's liquidity fire hose. With WaMu and Wachovia wiped out, the stampede out of bank stocks and bonds will surely claim new victims. As the recession bites, Main Street firms will start going bust too. And the impact on the $62 trillion market for credit-default swaps could be explosive...
While calming the general public is critical, nobody has yet figured out how to deal with a fundamental cause of this crisis: banks' loss of confidence in each other. They are so nervous about so-called "counterparty risk" - the possibility of not being repaid - that they have stopped lending to one another, bringing credit markets to a grinding halt. "We know who the strong banks are, but we don't know who the strong banks are exposed to," explains Simon Maughan, banking analyst at MF Global in London. In this treacherous environment, a bank doesn't just worry about...
...tool of mass propaganda, but those recent Microsoft ads really got to me. While some folks hated the (short-lived) Bill Gates--Jerry Seinfeld series that kicked off the campaign, it cracked me up. It also got my attention, and the subsequent "I'm a PC" ads closed the deal: I've been thinking maybe it's time to buy a laptop...
That may be because McCain took a frenetic, borderline erratic approach to the crisis, thrusting himself into the negotiations to very little effect. First he announced that he would suspend his campaign to salvage the bailout talks and would skip the first presidential debate unless negotiators hammered out a deal--although he didn't seem to suspend much, and the talks had been going pretty well without him. They blew up only after he dragged the circus of presidential politics back to Washington and left the impression that he agreed with House Republicans who opposed the deal. Then McCain announced...