Word: effects
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...this summer the stock market has rallied. Precisely, and that goes against the seasonal pattern that has been in effect. If you go back and look at other times when that has happened in the last 15 years - a positive stock market during the summer - the results show that the stock market also has a positive September and keeps strengthening throughout the rest of the year. (Read "Bernie Madoff's Other Legacy...
...some researchers feel the data are now convincing enough to spur large policy changes. The Lancet study, for example, found that investment in active labor-market programs like welfare-to-work reduces the effect of unemployment on suicide rates. This link is displayed in Scandinavian countries with strong welfare programs. Finland, for example, saw suicide rates drop steadily between 1990 and 1993 despite a 13% rise in unemployment. Sweden saw a drop in suicides during a recession in 1992. "What we found was that when spending on active labor-market programs exceeded $190 per head per year, rises in unemployment...
Still, an AIG default could have been catastrophic for Goldman, although Goldman claims to have been perfectly hedged against an AIG bankruptcy. "If AIG would have gone bankrupt, it would have affected every institution in the world, because it would have had a big effect on the entire financial system," explains David Viniar, Goldman's CFO. He countered, though, that Goldman would have most likely figured out how to make money trading in such a volatile environment. (See TIME's AIG cover...
...example, Epstein points to Zimbabwe, where donor groups tried to pass out female condoms, and women simply removed the rings and used them as bracelets. "I am a skeptic about whether they will have even a minuscule effect on the epidemic in Africa," she says...
...nation, television media tended to focus on which LDP candidates lost - marking LDP incumbents with red batsu or Xs - rather than focus on the DPJ winners, reflecting a widely held belief that Sunday's landslide win is less a vote of confidence in the DPJ's ability to effect change than a show of frustration over the LDP's failed leadership...