Word: directous
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Happily, the brain's other defining characteristic is that it is flexible. Once we know our weaknesses, we can compensate for them. The part of your brain associated with conscious thought, called the prefrontal cortex, has a direct line into the amygdala and can quiet it down. This requires effort - and creativity. "The most productive thing is to recognize that it's natural to feel anxiety in the context of unpredictability. A rat would be going through the same stuff," says Forsyth, and he means that in a reassuring way. "And then sit with it. Do not let your feelings...
...struggling Europe is bad news for the rest of the world, since more than one-third of all foreign direct investment into countries such as China and Brazil comes from the 27-nation European Union. The E.U. with its 490 million population has also been an ever larger consumer of goods and services from Asia; last year it imported about $1 trillion worth from emerging markets alone, and China is its biggest supplier. With the U.S. economy also expected to drop off, it'll be up to Asia to generate its own growth for a while...
...naming names, it may be increasingly difficult for politicians to refrain from public speculation. That's because it's no longer just companies and their investors who stand to lose in a corporate failure. Billions of taxpayer dollars are now flowing into the equation, and voters with no direct stakes at risk can reasonably claim a right to know what company the government may be buying into at their expense...
...What China will likely not do is buy direct stakes in troubled banks, says economist Arthur Kroeber of Beijing-based Dragonomics consultants. "They have been burned already and will be very cautious," Kroeber says, referring to previous multibillion-dollar investments in companies like Blackstone and Morgan Stanley that have plunged in value. On Oct. 6, Ping An, one of China's largest insurance companies, announced it was forced to take a $2.3 billion write-off on an investment it made in the ailing Dutch-Belgian financial giant Fortis...
...Still, Kroeber and others stress that China may choose not to participate in a global bailout because leaders will have their hands full at home. Tougher economic times could affect the country's social stability, meaning leaders will direct their focus inward. "China's resources are strong enough to ensure its own economy can sail through this relatively smoothly," says Kroeber. "But they can't save anyone else's bacon...