Word: idea
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...those seeking more intangible signs, the mood outside the exchange could be an omen that some investors are still hanging in. The tourists there certainly had no idea what was up or what was down. Swiss tourists Luca Barmettler and Hodel Ramona, on holiday for the past week, were curious when asked about recent market volatility. They asked if the U.S.'s $700 billion bailout plan had passed. When told it had, Luca was almost Zenlike about the future. Good things take time, he said. "Everything bad happens fast." If the tourists are indicators, Wall Street symbols, at least, appear...
...crisis marked "the end of a world that was built on the fall of the Berlin Wall and the end of the Cold War - a big dream of liberty and prosperity." As for capitalism, he called for a "new balance" between the market and the state and added, "The idea that markets are always right was a mad idea...
...Weiss believes these banks are far less likely to run aground than the panic-induced price of credit-default swaps would suggest. But since the demise of Bear Stearns and Lehman Brothers, "people have no idea how sound banks are," he says, so "the whole financial system is locking up." The U.S. government's rescue plan should help, and Weiss thinks there's a fair chance that the busted assets it's buying to prop up the system will rise sharply in value as everything stabilizes. But he's by no means confident that the $700 billion bet will...
...elected. Because he spent part of his childhood in Indonesia, and because he appears international in outlook, some Asians have high hopes for an Obama presidency. The thoughtful Malaysian commentator Karim Raslan warns, however, that Obama could prove disappointing to even those Asians who like him. "There's this idea that Obama will be a transformational figure, a leader of the world," says Karim. "But he's a Democrat, and Democrats have traditionally pushed protectionism and human rights, issues uncomfortable for Asia. Obama's key constituency is the U.S.; he will be the Commander in Chief, advancing American interests...
...We’re focused on the idea of knitting the grid back together and allowing the residential character to flow through the neighborhood,” Cecil said...