Word: hiccup
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...heard, of course, that subprime mortgages - subprime is Wall Street's euphemism for junk - are where the problems started. That's true, but the problems have now spread way beyond them. Those predicting that the housing hiccup wouldn't be a big deal - what's a few hundred billion in crummy mortgage loans compared with a $13 trillion U.S. economy or a $54 trillion world economy? - failed to grasp that possibility. It turned out that Wall Street's greed - and by Wall Street, we mean the world of money and investments, not a geographic area in downtown Manhattan - was supplemented...
...economic-policy speech on July 7, John McCain promised to balance the federal budget, sort of. Actually, he said he would "demand" a balanced budget, but he never quite got around to saying how he would balance it. This set off a reflexive think-tank hiccup of outrage of the sort we've been living with since the days of Ronald Reagan. McCain's claim that he could achieve balance by cutting government spending elicited an immediate and justifiable Yeah, right from the experts. As always, he was fixated on cutting little things, the so-called earmarks that our legislators...
...Just before 12:30 at Heathrow, Virgin Atlantic's 747 touched down in Amsterdam, finishing off the event without a hiccup - which is more than could be said for Branson himself. For kicks, the mogul had drunk a sample of his firm's coconut oil and babassu oil jet-fuel blend. "My God that was horrible," he told reporters afterward. "I've been burping ever since." Now that, without a doubt, is a publicity stunt...
...points and four assists. Hallion added nine points and junior Niki Finelli grabbed seven boards. Harvard was very efficient, shooting over 40 percent for the game. And the offensive effort was certainly matched by the hard work put in on the defensive end. After last weekend’s hiccup, the players were looking to turn this weekend into a statement. “[Tonight] we sent a message for the second round of Ivies,” Rollins said. —Staff writer Jay M. Cohen can be reached at jaycohen@fas.harvard.edu...
...only hiccup in Obama's final day came in Rochester, where a small group of protesters in the balcony of the Rochester Opera House interrupted his stump speech with a chant, "Abortion is an abomination." When Obama's backers began to drown out the dissidents with their own cheers, Obama hushed the crowd by saying, "This is an example of not listening to each other." But when the chanters would not stop, and the event seemed unable to continue, Obama moved toward a staircase to the balcony, seemingly prepared to talk to the chanters one on one - a dramatic maneuver...