Word: fear
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...digging in their heels, insisting they won't slash prices to 2008 levels. Last year, retailers had loaded up on goods for the holiday season but were then hit with the collapse of Lehman Brothers, upheaval in the credit markets and the AIG crisis, which sent tremors of fear far and wide. Consumer spending dried up, and shoppers abruptly disappeared. Retailers found themselves sitting on huge inventories of unsold goods, and many frantically started chopping prices to clear shelves...
...kind of Cold War thinking where two great powers can dictate terms to a lesser one." China's long-standing border disputes with India, and its building up of the Pakistani military, makes many in New Delhi reluctant to welcome Beijing as a benign presence. Indeed, some fear India is being encircled by Chinese listening posts and bases around the Indian Ocean. And when tensions spiked last month over China pressing its claim to territory inside India, the U.S. remained silent...
During yesterday’s meeting, Council members worked to put an end to the confusion and to understand why the seven person Election Commission—just minutes away from announcing the next Council president—voted to decertify election results Thursday night out of fear of voting irregularities...
...Florida-based contractors had gone to minority-owned firms, according to a study by the MWC, the Kirwan Institute at Ohio State University and the Research Institute on Social and Economic Policy (RISEP) at Miami's Florida International University. In all, black-owned firms received less than 2%. "The fear," says Perera, "is that the stimulus money could instead serve to exacerbate the inequalities that existed before." (See which businesses are bucking the recession...
...like John Powell, director of the Kirwan Institute, which studies race and ethnicity issues, feel that additional stimulus billions should be pushed more directly to the local level, where it stands a better chance of boosting poor minority areas. "These communities see tons of money moving around, but they fear it's passing them by," says Powell, noting that many, if not most, U.S. municipalities don't yet know how to access stimulus funds for basic green projects like home weatherization and biofuel stations. (See pictures of the effects of global warming...