Word: direness
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...like the financial press has swept the story under the rug, certainly. But what we've generally heard are either dire - but very vague - warnings or the general argument that, if credit dries up, that affects loans to businesses and little guys, and people start to lose jobs...
...worst financial crisis since the Great Depression. But there is at least one difference: in the Great Depression, nobody needed to be told they were in a depression. Today, except for relatively few investment bankers and somewhat more middle-class homeowners, who would guess that things are so dire? Life goes on, reasonably normally. Maybe it's easier to get a cab in New York City--a reliable real-life indication of an economic downturn--but then maybe the effect of the financial crisis is canceled out by the effect of that other crisis, the one about energy. Now, there...
...This produces some jarring juxtapositions. Though he has built his career on dire warnings about the dangers of foreigners, Strache poses on his website as Che Guevara, donning the rebel's trademark beret and highlighting the last three letters of his name for anyone who misses the point. He praises Venezuela's left-wing demagogue Hugo Chavez and, in his campaign rap "Viva HC!", chants "Yes-We-Can" (in English), a reference to the campaign slogan of Barack Obama. That's an odd choice given that Strache is urging that some African immigrants be deported. "Austria! First!" he sings, backed...
...become an article of faith for many on the left - and some from other political precincts - that the 1999 repeal of the Depression-era Glass-Steagall Act, which separated commercial banks from Wall Street, is directly responsible for our current dire financial plight. Its repeal, argued journalist Robert Kuttner in testimony before Congress last year, enabled "super-banks ... to re-enact the same kinds of structural conflicts of interest that were endemic in the 1920s...
...economic health. Doubtlessly, Americans have legitimate concerns about the harmful economic effects of illegal immigration. Undocumented aliens do not pay taxes and put an extra burden on infrastructure and social services. But while illegal immigration is a serious problem, it is also a reflection of our dire need for comprehensive immigration reform. While the Pat Buchanans of this country would be content to erect walls along the Mexican border, create a Fortress America, and declare the problem solved, in an increasingly global economy, fencing ourselves in is a sure path to ruin. A combination of heightened border security, an increase...