Word: hardes
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...concern in the U.S. is the weak consumer. Can we get a business recovery but no consumer recovery? The consumer is 70% of the U.S. economy, so it's hard to imagine that business can do well unless the consumer is reasonably healthy. But I think the conventional wisdom has become excessively pessimistic about the condition of the U.S. consumer. People have forgotten the effect that rising equity prices as well as the stabilization of real estate - maybe even a few upticks in residential real estate - will have on the consumer's net worth and his spending-saving behavior...
...household debt and structural over-reliance on real estate and financial industries - risk taking far longer to remedy their economic ailments, which would slow a regional rebound. Ditto Italy, whose consistent under-performance is rooted in competitive weaknesses that couldn't be cured even during good times. (Read: "In Hard Times, Olympic Plans Go On a Budget...
...blogger Perez Hilton asked: "why???" The IvyGate blog quipped: "You know Harvard's broke when they start competing with Hollister." And Jimmy Fallon chimed in on late-night television: “Harvard University is launching a new clothing line called Harvard Yard....Of course the clothes are really hard to get into, unless your father wears them first.’’ Even the Chronicle of Higher Education couldn't resist, and published a blog post called: "My Khakis Went to Harvard...
...adviser who maintains close ties to the Guards leadership, at least five commanders sympathetic to the reformists were put under house arrest in the aftermath of the election. These purges within Iran's security apparatus consolidated power in the hands of the top Guards commanders, who form a united hard-liner bloc that is opposed to reconciliation with the opposition or the West. The IRGC, then, is the most effective power bloc in the country, certainly more cohesive in its top leadership than the conservative political faction, which has seen spats between the Supreme Leader, Ayatullah Ali Khamenei, and Ahmadinejad...
...part of a fraudulent insurance scheme," he says. "The law says that when a ship doesn't arrive in port, it's assumed to be from a peril of the sea, and the underwriters have to pay unless they can prove the sinking was not accidental, which is pretty hard without any witnesses...