Word: harsh
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...Citigroup trades at $2.72 now. All the harsh talk from bank analysts pushed the stock down by less than 5% yesterday. That means a lot of investors gave the alarmists little credence. Maybe they want to see Citi's first quarter earnings before they decide what the bank is worth. Since the stock is down from over $55 less than two years ago, no one is assuming that the bank is going to earn billions of dollars for the quarter. The question is probably how few billion it will lose...
...counterspin is also true. As Obama's trip enters its final turn, with a whirlwind tour of two Turkish metropolises, the president has found his considerable success at setting a new tone for international relations repeatedly frustrated by the harsh reality of how hard the job is. Despite new agreements for international support of the war effort in Afghanistan, victory against Al Qaeda remains a distant, difficult, long-range goal, with the military onus remaining on U.S. combat troops. Furthermore, a consensus of economic observers advise that the economic crisis, though mollified by some international confidence-building agreement, is unlikely...
...would probably be hard for Apple's products to sell well in a really harsh economy even on the strength of a powerful brand, especially if there is evidence that all the company's competitors are being pounded. A brand may be worth a lot, but when almost everyone has less money than they did a year ago, potential owners become aspirants. Apple products have the potential disadvantage that they are comparatively expensive...
...would have presented a greater dilemma.“I don’t think anyone will be feeling very confident saying that in this environment, but...I simply and honestly can’t imagine how the office would function,” Coontz said.But fears of the harsh economic reality of joblessness have convinced some staffers that they may be better off taking their chances and staying where they are—for now, at least.“I’m not taking it,” said an eligible administrator in the department of molecular...
...activists began to increasingly complain that the laws were too harsh and that non-violent offenders were being lumped in with narcotics kingpins and unfairly left at the mercy of the penal system. Celebrities including hip hop mogul Russell Simmons and actors Tim Robbins and Susan Sarandon lobbied for the cause. In 2004, prompted by increasing pressure from activists and legislators, then-Gov. George Pataki signed the Drug Law Reform Act, a move that significantly changed the Rockefeller laws' sentencing guidelines. The harshest mandatory minimum was relaxed to 8 to 20 years and those convicted of serious offenses were allowed...