Word: doneness
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...declared last week that the worst of the downturn appears to be over - so Obama really had no choice but to reappoint Bernanke, even though White House economic adviser Lawrence Summers has yearned for the job. The markets like stability, and they really like Bernanke. And Obama might have done the same thing even if he did have a choice. Bernanke hasn't been flawless - he was slow to grasp the crisis and start yanking interest rates down toward zero, and market watchers will forever second-guess the decision to let Lehman go under. But overall he's been courageous...
...further their cause, gay activists in Asia have had to adapt, as Cui did. They can't just borrow strategies honed during the U.S. civil rights movement as others have done - in countries where democracy is still a work in progress, they have to invent new ones. Instead of confrontational tactics, they work hand in hand with other activists. Pradeep Khadka, human-rights coordinator for the Blue Diamond Society, says that rather than challenging Nepalese society, his group has built alliances within the democracy movement and tried to change attitudes and policies through political persuasion. Even the language...
...clear that no one - not the bands, the organizers or the audience - had a clue what they were supposed to be doing, and with good reason: no one had ever done it before. Prior to Woodstock there weren't many impromptu six-figure gatherings or stadium tours, so appropriate behavior had to be invented. Luckily a leader emerged near the end of Day Two. Using the only lull in a churning 17-minute medley, Sly Stone explained that singing along isn't old-fashioned, that it wouldn't turn the kids into their parents: "You must...
Since 2007, the evolution has accelerated. Less than a third of the trading in NYSE-listed stocks is now done through the NYSE - and only a tiny fraction of that by the floor traders, who now function mainly as a colorful backdrop for CNBC broadcasts. Virtually all stock-trading is electronic, and somewhere from 45% to 70% of trading volume is done by high-frequency traders who make their money by the millisecond...
...Libyan officials are to meet with representatives of Britain and the U.S. next week to discuss what remains to be done in order to have the sanctions lifted. Even though Libya has the backing of the Arab League in demanding an immediate end to sanctions, don't expect any movement soon. For one thing, the Libyans want to wait until Megrahi's appeal is over before considering compensation - and that'll be just fine with the West. Ghaddafi's neighbors may begin simply ignoring sanctions as they have been doing with Iraq, but it could still be years before...