Word: doubtedly
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...causing the stock to plunge 11%, its worst one-day drop since last March. "The reaction [to Alcoa's miss] is a reflection of what's to come," says Cass. "Welcome to 2010, where scrutiny and reckoning and ramifications are in vogue and giving people the benefit of the doubt is very last year...
...There is no doubt that the pressure on the U.S. financial system [that led to the financial crisis] came from abroad," says Caballero, who is the head of MIT's economics department. "Foreign investors created a demand for assets that was difficult for the U.S. financial sector to produce. All they wanted were safe assets, and [their ensuing purchases] made the U.S. unsafe." (See the financial crisis after one year...
Nonetheless, even if foreigner investors' role in America's credit boom and bust is debatable, what's beyond doubt is that this aspect of the crisis is not getting as much attention as, say, bankers and their bonuses. On Thursday, the Financial Crisis Inquiry Commission wrapped up its second day of hearings. Global imbalances is one of the 22 areas that the panel is supposed to investigate as a possible cause of the credit crunch. But in two days of hearings, which included testimony from top financial executives, economists, analysts, regulators and a hedge fund manager, there wasn...
...public, Pakistani government officials criticize the missile strikes and say the United States is violating their country's sovereignty. But there is little doubt Islamabad agrees to at least some of the attacks and provides targeting information for them...
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