Word: fear
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...like babies that night three months ago when we learned how you robbed us. Did you cry, Mr. Madoff? A thousand, maybe 10,000 cried that night. We shivered in our collective adrenaline-fueled shock. We were physically unhurt, physically just fine, but that night our bodies shook with fear - everything was gone. A minute before the phone rang, things were good, even great. Afterward they would never be the same. All our hard work, all our savings, all our plans were wiped out forever. (Watch the video of Madoff pleads guilty...
...time of pessimistic forecasts and rising fear, many toxic assets are probably worth more than the bank models or credit-default-swap indexes suggest. For example, a recent reading of the ABX index puts the value of even the highest-rated subprime mortgage bonds created in 2007 at only 27% of their precrunch prices. Yes, Americans are behind on their mortgages, but even the most pessimistic prognostications do not predict that 73% of home loans will become worthless. (See pictures of the dangers of printing money...
...unfortunate genetic inheritance, it is the exceedingly rare mental condition that is caused only by genes. (Rett syndrome is one example.) Rather, if you take something like generalized anxiety disorder (300.02), there may be a variety of causes that set it off: genes that cause excessive activity in the fear-producing part of the brain called the amygdala, a stressful job that stimulates that activity, engaging in dumb behavior like having an affair that exacerbates your anxiety, then randomly getting into an anxiety-heightening situation like a car accident. The DSM has to try to account for all of that...
...Teachers’ unions have a vested interest in preserving the status quo. They fear that merit pay and charter schools will make teachers more accountable for their performances and put the unions’ worst members at risk of being dismissed. This perverse incentive has stymied Democratic politicians’ efforts at school reform for decades. But President Obama’s refusal to kowtow to a powerful lobby, even if it forms a strong base of support for his party, demonstrates his independence and desire to put campaign promises into action. This is encouraging for the state...
...freedoms won by the invasion raise a moral argument against making concessions to the Taliban. "Are you going to sacrifice the hard-won freedoms of 29 million people for the sake of a few hundred thousand militants?" asks a Kabul-based businessman who declined to use his name for fear of repercussions. "That just opens up the floodgates to anyone who wants to have a stake in power. All he has to do is just go and be as violent as possible; kill a couple of people, and there will be some sort of concessions made and he can come...