Word: happeners
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...average car recharging draws about as much juice as a widescreen TV - they could still potentially overwhelm the electrical system. If plug-ins suddenly became popular, before the grid had a chance to get smarter, it could lead to a real power predicament. "You can imagine what would happen if five drivers on the block got home at 5 p.m. and all decided to recharge their cars at the same time," says Charles Griffith, auto project director at the Ecology Center in Ann Arbor, Mich...
...purchase in his or her lifetime," says Felix Kramer, founder of the California Cars Initiative, a plug-in advocacy group in Palo Alto, Calif. Plug-ins can turn the car from a force for environmental destruction to something that frees us from oil - but only if we make it happen...
That could happen. But another possibility is that loan losses will continue to grow to the point that the core institutions of the American financial scene - Citigroup, JPMorgan Chase and Bank of America in particular, but also possibly Goldman Sachs and Morgan Stanley - are seen as endangered. Then we'll really get to see what a bailout looks like...
...great majority of Americans who don't happen to work in the financial industry, the ramifications of all this turmoil on Wall Street remain hard to assess. ATMs are still dispensing cash, credit card offers keep arriving in the mail, and it's not even all that hard to get a mortgage - if your credit's okay and you can actually afford the monthly payments. There is less lending overall, and that depresses economic activity. But with oil prices dropping again today, the single greatest scourge of American consumers this year - the high price of gasoline...
...talk seemed unable to summon much emotion, saying they remained in the dark about the firm's future. "We don't know what happens on the [executive floors]," says a 31-year-old analyst. After two years at Lehman, he arrived at work Monday morning without any idea of what might happen beyond what he read in the Wall Street Journal. "The really top execs screwed up very badly," he says. "They wouldn't admit defeat. They were macho. Absolute power corrupts absolutely - that kind of thing." Asked whether management had made any announcements on the firm's next steps...