Word: gamely
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...having to mark some of their assets to market prices because the markets for many debt securities are so clearly broken. But the prices prevailing in a smoothly functioning government-subsidized market will be hard to ignore. This has led to speculation in the economics blogosphere that banks might game the program by conniving with investors to overbid for assets. That's not inconceivable, but it would be hard to pull off. Which means banks may be headed for a shakeout...
There's not much hunt in it, though. If the agents sight a smuggler's boat, it's game over - the feds' boats are faster, their drivers better trained and their guns bigger, Hill explains. Typically the smugglers just surrender, as their cell phones and BlackBerrys fly overboard. "The first thing we'll see are little black things going 'splash, splash, splash,'" he says. Should boats escape notice on the water, overnight lookouts now stand watch at Torrey Pines Beach. "It's cat and mouse," Hill says. "We watch them. They watch...
...flat (economically), America's influence is waning (or waxing), the nature of power is changing, growing softer, more multilateral (or unilateral). Gelb takes a defiant step in the opposite direction, away from gimmicks and grand theories, toward a re-examination of the most basic and eternal tool in the game of nations. He does not dispute that the world has changed: globalization exists, as do Osama bin Laden and dirty weapons. The U.S. no longer possesses the military and economic supremacy it had after World War II, but it still has unrivaled power to lead - meaning the ability to build...
...cackling with wicked glee at the thought of autoworkers being thrown on the streets. (Least of all Kroft, who was smiling broadly himself as he asked the "punch-drunk" question.) Instead, these controversies are either surrogates for political arguments or another way the press plays the news-cycle game. Did the President win the interview, or did he lose...
...media blitzes, as Obama's TV week proved. Too many just-for-fun bits, like his ESPN bracket pick, could make him look as if he has his eye on the wrong ball. (Which may be why he said he didn't stay up to watch a six-overtime game because "I've got work to do.") Every time he forces himself to say, "I'm as angry as anybody about those bonuses," it sounds clearer that he's not as angry as anybody. And he may actually do better in tough Q&As, like his press conferences, than...