Word: iraq
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...another, suspecting that a top was near. In the ensuing weeks, oil would come crashing down to earth as traders everywhere - including hedge funds, banks and pension funds - unwound their positions. And as SemGroup demonstrated, getting the timing wrong on this great unwind can have catastrophic results. (Read "Iraq's Pain at the Pump...
...plans of for issuing last-minute difficult-to-overturn regulations are rendered moot by the inconvenient fact that the deadline for such actions passed six months ago •regrets about "Bring 'em on" and "Mission Accomplished" are expressed by •regrets about letting New Orleans drown, invading Iraq under false pretenses, condoning torture, ignoring global warming, scoffing at science, presiding over the collapse of the economy, and various other squanderings are not expressed...
...Obama can already count on a European political climate that has changed dramatically since the 2003 invasion of Iraq: German Chancellor Angela Merkel, French President Nicolas Sarkozy and British Prime Minister Gordon Brown all enjoy comfortable working relationships with the outgoing Bush Administration. (See pictures of Iraq's revival...
...system, he said in an interview with CNN shortly before the election, followed by investing in renewable energy, universal health care, middle-class tax cuts and education reform. Then there are the other things he talked about at various points in the campaign: closing Guantánamo, withdrawing from Iraq, renegotiating trade deals, reforming immigration. How quickly those now secondary goals will follow is a major question and source of debate among Obama's advisers. Publicly, they insist that he can do it all, and there is plenty of talk about putting these issues on parallel tracks...
...Reagan's or F.D.R.'s. The cultural issues that have long divided Democrats - gay marriage, gun control, abortion - are receding in importance as a post-'60s generation grows to adulthood. Foreign policy doesn't divide Democrats as bitterly as it used to either because, in the wake of Iraq, once-hawkish working-class whites have grown more skeptical of military force. In 2004, 22% of voters told exit pollsters that "moral values" were their top priority, and 19% said terrorism. This year terrorism got 9%, and no social issues even made the list...