Word: fear
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...when we erase prejudice from our conscious mental processing, it lingers in the older, murkier corners of our cognitive architecture. In one experiment, researchers discovered that even subjects who demonstrated no racist attitudes still had increased activity in the amygdala—a part of the brain associated with fear and emotion—when shown images of black faces, and the results of implicit association tests consistently demonstrate that even progressive whites have more difficulty grouping images of African-Americans with positive adjectives than with negative ones. It turns out racism persists, in part, because the human mind...
Less than 10 months ago, the great fear in Asia was that the region would suffer through the wealth destruction already taking place in the U.S. as a result of the financial crisis. Stock markets tumbled as exports plunged and economic growth deteriorated. Lofty property prices in China and elsewhere looked set to bust as credit tightened and buyers evaporated. (Read "China's Economic Recovery Gathers Steam...
...with surprising speed, fear in Asia has swung back to greed as the region shows signs of recovery - and some economists are warning that asset-price bubbles that had been popped by the global recession may be reinflating. Property and stock prices are soaring in many parts of Asia: Shanghai's main stock-market index has surged about 90% this year, while Indonesian stocks are up 70%. By comparison, the S&P 500 is up 11%. (See the World Economic Forum...
...many economists believe that policymakers will not aggressively rein in monetary policy and stimulus measures, out of fear of squashing Asia's fragile recovery while the global economy remains weak. "There is close to a zero possibility that the Chinese government will do anything this year that constitutes tightening," says Andy Rothman, a Shanghai-based economist for the brokerage CLSA. "The recovery is only in its early stages." And without a major shift in thinking, the easy-money conditions will stay in place - so even if there's no bubble now, there's a good chance one may be forming...
...upcoming dates of significance to gather, in particular the 40th-day anniversary of Neda Agha-Soltan's death, which will occur at the end of July, and the inauguration of President Mahmoud Ahmadinejad for a second term. The date for the swearing-in has not been announced for fear of triggering a mass gathering on the scale of the Friday prayer last week, when former President Ali Akbar Hashemi Rafsanjani spoke for the first time since the election and condemned the government's response. Until then, protesters, even the more timid who choose to stay indoors, seem to be sticking...