Word: expectations
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...Labor Day. The cost of a barrel of crude will move up if there is strong evidence that the demand in China is growing. Ironically if there are signs of a sharply improving economic picture in the U.S., oil could move up more than most traders expect. (See pictures...
...Sotomayor's performance back then offers any clues about how she'll perform on the high court, expect a brisk jurist who is utterly unafraid to dress down powerful interest groups. On March 30, 1995, Sotomayor, then age 40 and the youngest judge in the Southern District of New York, presided over a two-hour hearing in which the baseball players' association protested the owners' decision to unilaterally eliminate free-agent negotiations and salary arbitrations while both sides were negotiating a new collective-bargaining agreement. Although Sotomayor, who was raised in a housing project a few miles from Yankee Stadium...
...demonstrates personal integrity, a commitment to the rule of law and a judicial temperament." He hinted that the nomination process would not be short. "When Samuel Alito was first nominated [in 2005], the minority was afforded 93 days before he received a confirmation vote," he said. "I would expect that Senate Democrats will afford the minority the same courtesy as we move forward with this process...
...defeats stem in part from a record of poor governance in the states where they draw most of their support; in West Bengal, a move by the ruling Communists to take land from peasants for private industrial projects led to a voter backlash in May's elections. Party insiders expect the outcome of state assembly elections in 2011 will end their already thin grip on power, and a growing schism between CPI-M politicians pushing for capitalist reforms and the more orthodox intellectual elite in New Delhi have led many anti-Communist critics to gleefully prophesize the party's disintegration...
...hint as to how effective the U.N. might be, talk to the Russians. Moscow is "concerned" - not outraged - by today's test. Don't expect much, in other words, from the Security Council, even if the test is determined to be as direct a violation as possible of U.N. Security Council Resolution 1718, which calls on Pyongyang to abandon its nuclear program. The Chinese, like Obama, desperately want the North Koreans to return to the negotiating table in Beijing, where the so-called six-party talks were held during the Bush years. But Beijing may be coming to the reluctant...