Word: fear
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...financial crises occur infrequently enough for regulators and investors to blissfully ignore the warning signs that can lead to very real economic pain. Arguing that economic systems reflect human nature, Ferguson said that economists’ over-reliance on mathematical models results in a failure to account for the fear, euphoria, and panic that often drive markets. Combining his expertise in history and economics, Ferguson traced the historical development of the modern financial system. “He bridges two disciplines in a way that makes him really insightful,” said Edwin O. Robinson, an attendee, after...
...lead to the prosecution of outgoing Administration officials for various offenses allegedly committed in the name of fighting terrorism over the past eight years. So far Obama and key congressional Democrats have signaled little interest in investigating and prosecuting Bush Administration officials once they leave office, a position some fear could leave the way open to similar government abuses in the future. "How do you deter these types of crimes in the future?" asks Vincent Warren, executive director of the Center for Constitutional Rights. "There is no meaningful way to deter subsequent Administrations from engaging in the thought process...
...continue to express concern about the ability of the Iraqi military to keep the peace as the Americans pull out. Deep historical animosities among Shi'ite, Sunni and Kurdish groups remain, and local troops loyal to a specific sect won't be as capable of defusing tensions, U.S. officials fear. But Hort said that the Iraqi military "has got a tremendous amount of confidence in themselves, and is doing more and more each and every day that we work with them...
...pact, partly fueled by Iran's concerns, evaporated following Obama's election two weeks ago. "I am hopeful that conditions will continue to improve, so we can continue" to withdraw U.S. troops, Mullen said. But if ordered to pull out despite poor conditions - a possibility many Pentagon officials fear in an Obama Administration - Mullen said he would obey such a command. Mullen added that it's "theoretically possible" that a new agreement allowing U.S. troops in Iraq post-2011 might be struck if conditions deteriorate...
...Freedom of Choice Act, which would undo legislation that put restrictions on access to abortions. Some Catholics have warned that such a decree, which would essentially codify Roe v. Wade into federal law, could force doctors in Catholic hospitals to perform abortions against their conscience. "There's more fear here than wrath," a senior Vatican official told TIME with regard to the Catholic hierarchy's attitude toward Obama. However, if Obama signs the Freedom of Choice Act in his first months in office, "it would be the equivalent of a war," says the same official. "It would be like saying...