Word: fasters
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...minority, to be sure - believe the U.S. is at serious risk of a deflationary spiral, even if just a quarter ago, inflation was above the Fed's comfort zone of 2% to 3%. "Compared to Japan's problem a decade ago, this crisis is unfolding much faster and spreading wider due to financial globalization," says Shanghai-based independent economist Andy Xie. A financial system unable or unwilling to lend, a tapped out U.S. consumer, and business now retrenching - and laying people off - all are a formula for possible deflation. What's so wrong with declining prices? For one thing...
...contrary. Computers didn't invent things like flawed program trading - people did. Program trading simply followed algorithms that people wrote. So while a computer may help make dumb decisions happen faster, I think putting the blame on computers when they've been such a driver of productivity is a mistake. Taking junk mortgages and calling them triple A, that's not a physicist's or a computer scientist's decision, that's somebody who is trying to pitch something...
Harry Brown walked slowly but with great dignity. Unexpectedly, his wife drove up, having completed her morning mission to deliver wheelchairs to precincts where exhausted voters might need them. Brown loaded his folding chair and climbed into the car. His journey was, in the end, faster than he had expected...
...shows no signs of wanting to grow closer to it. This is as unfair as any image - contradicted at every moment by the kindness and curiosity of many Americans - but it remains a potent one in a world where people communicate more with images than ideas and assumptions travel faster than truths. The best way to begin to correct it is to show the world a leader who can't really say how much he's African or Asian or American or just a product of their mixing in Hawaii. The point is not just that Obama will bring globalism...
Eventually, Brown's wife drove up the avenue after completing her morning mission: delivering wheelchairs to precincts where exhausted and disabled voters might need them. Brown loaded his chair into the car and climbed aboard. His journey was, in the end, faster than he had expected. - By Karen Ball / Kansas City...