Word: expectancies
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...dollar with respect to the euro and yen hit bottom (Deutsche Bank), 10-year Treasuries yield more than 4% (Bank of America Merrill Lynch) and small-cap value stocks outperform all other categories (Richard Bernstein Capital Management). As for the stock market more broadly? Strategists at UBS expect gains well into the double-digits. The CEO of PIMCO sees a 10% drop...
...reconciliation with warlords and Taliban who are not totally possessed by the ideology of the extremist fringe and 3) guarantees from Pakistan to no longer meddle with Afghan affairs. While the first two could still be possible, the third one is a mirage. It is too much to expect Pakistan to play a constructive role in the current imbroglio as it faces increased pressure from fundamentalist groups. Sharad Bishnoi Mumbai...
However, despite this positive turn-around, the United States must propose stricter targets for reducing its own emissions if it hopes to reach an agreement, and furthermore, mitigate the harmful effects of climate change. Developing countries rightly expect nations like the U.S. to take responsibility for centuries of greenhouse-gas emissions, and President Barack H. Obama should take this message to heart upon his arrival...
...Officially, Cockrel says she will teach public policy at Wayne State University. But many political observers expect her to be a formidable candidate for the congressional seat currently held by Carolyn Cheeks Kilpatrick, a Democrat and the former mayor's mother. Kilpatrick is vulnerable, observers say, mainly because of her son's persistent legal problems. Still, if Cockrel decides to run for the 13th congressional district seat, she will face an uphill battle: the district was gerrymandered mainly to ensure an African-American majority...
...been able to turn back the wall of populist anger against his firm and Wall Street in general. His claim that he and his colleagues were "doing God's work" was openly mocked. Washington is still contemplating ways to rein in finance-industry risk-taking, pay and profits. Expect more outrage soon as Goldman hands out huge year-end bonuses, which could average more than $700,000 per employee, just as Main Street's unemployment checks...