Word: fixes
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...defunct Lehman Brothers were finally settled up, and - after much breath-holding - no other firms unraveled. In Washington, black SUVs and town cars of the G-7's central bankers and Treasury officials rolled into town, bringing with them the hope that the people with the power to fix things - assuming there are such people - will collectively figure out a plan. On Friday, some investors even dared to start talking about the possibility of a market bottom...
...trust, and suddenly that trust has been replaced by fear: fear among depositors from Madrid to Macao over the safety of their money; fear among banks worldwide about lending to one another; and now fear among politicians, central bankers and regulators that they don't have adequate tools to fix the problem...
...Perhaps not, but even the officers admit that their presence is only a short-term fix to an extremely complicated problem - an endemic lack of respect for traditional institutions among a generation of Britons like those loitering on the Craylands Estate. It would be too expensive, not to mention unpleasant, to have police patrolling every square inch of a town like Pitsea. And anyway,what good could they do in the long run, when schools, youth clubs and even families have failed? When the large, hysterical mother of one of the young men stopped by police came running in response...
...investors concerned that a deep economic slump in the West will derail Asia's export-driven economies. The quandary facing Asia's policymakers is that credit is tightening and stocks are plunging due to circumstances mostly beyond their control. "Central banks in Asia don't have the ability to fix the problem," said Kirby Daley, senior strategist at financial services firm Newedge Group in Hong Kong...
While the bill is intended to help fix, or at least calm, the ailing economy, perhaps the most immediate impact has been on the presidential campaign. Since Paulson made his request on Sept. 18, McCain has lost the 3-point lead in national polls - his first in the general election - which he'd built on the back of his successful convention and pick of Sarah Palin as his running mate. He now trails Obama by 6 percentage points, according to an average of national polls by the nonpartisan website RealClearPolitics, and the focus of the campaign has shifted from character...