Word: hearing
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...That isn't what markets vulnerable to American troubles want to hear, particularly the export-dependent economies of Asia, where concerns about a possible recession are compounded by doubts that the evolving, $2.2 trillion U.S. plan to bail out its finance and banking system will prove effective. For those reasons, some see flightiness reigning in stock markets for the foreseeable future. "I expect volatility to continue for some time as long as confidence hasn't been restored," says Matthew Kwok, head of research at Hong Kong's Tanrich Securities. "Sentiments are quite pessimistic...
...Frugal Life I commend Nancy Gibbs for using her column to state what we are unlikely to hear from any elected official: that thrift is an important virtue and that our failure to practice it has helped bring on the current economic collapse [Oct. 13]. Those who lived through the Great Depression endured a scare that prompted them to scrimp and save, something the current generation does not do. Now Americans generally believe they are entitled to whatever they want without regard to whether they can afford it. The list of what we have come to consider necessities would stun...
What we need instead from a leader is astringency. Astringency means telling people what they don't want to hear and leading them where they don't want to go. It's not comforting people about their current situation and reassuring them it will get better. It's telling them that the situation is likely to get worse and that only their efforts can determine how soon it will start getting better. Astringent leadership is Churchill calling on Britons to "brace ourselves to our duties...
...commend Nancy Gibbs for using her column to state what we are unlikely to hear from any elected official: that thrift is an important virtue and that our failure to practice it has helped bring on the current economic collapse [Oct. 13]. Those who lived through the Great Depression endured a scare that prompted them to scrimp and save, something the current generation does not do. Now Americans generally believe they are entitled to whatever they want without regard to whether they can afford it. The list of what we have come to consider necessities would stun those from most...
...that kind of temperament, where he was sort of hot and cold to Congressmen and Senators, that he would sort of reel them in, push them back, reel them in. I mean, it wasn't just intimidating them; it was also reeling them in. The number of times we hear him on the telephone tapes telling friends and enemies, "I love you." This is an unusual thing to hear ... Nixon, I think, is another good example, where in public he could, with some exception, be quite statesmanlike. He could be the world statesman. You listen to him in private...