Word: judgmental
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Dates: during 2000-2009
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...industry of the nation builders--reflected a mighty faith in the power of sacrifice as a muscle that made young nations strong. Banks were like gyms for the soul: the first savings banks in Boston and New York were organized as charities, where "humble journeymen" could exercise good judgment, store their money and not be tempted to waste it on drink. Architect Louis Sullivan carved the word THRIFT over the door of his "jewel box" bank nearly a century ago, for it was private virtue that made public prosperity possible...
...That message unsettles Tories. Their leader turns 42 on Oct. 9 and has only ever served as an opposition MP. "To do difficult things for the long term, or even to get us through the financial crisis in the short term, what matters more than experience is character and judgment," Cameron told delegates in his closing address to the conference. "I believe that to rebuild our economy, it's not going to take more of the same, it's going to take change ... Experience is the excuse of the incumbent over the ages. Experience is what they always say when...
How/why is this situation different from investors simply losing their money because of bad judgment about what to invest in? Can I get bailed out when my portfolio tanks? It's a variant on the old saw (often attributed to J. Paul Getty, although I'm sure somebody must have said something like it before him): "If you owe the bank $100, that's your problem. If you owe the bank $100 million, that's the bank's problem." Leveraged financial institutions (banks, investment banks, hedge funds) make investments with lots of borrowed money, so when their portfolios tank they...
...could have been worse. That was the preliminary judgment in foreign markets as indices in Asia and Europe posted moderate declines - and in some cases modest growth - on Tuesday. Although Congress's rejection of the $700 bailout plan engendered some jitters on markets around the world when they opened on Tuesday. But it didn't send them reeling...
...according to these debate-prep experts, it's just as likely that Obama could try for a hot debate. "My gut is that Obama will be very aggressive," says Stevens. "He'll go in and not hesitate to prosecute what he sees as McCain's poor foreign policy judgments. That's what he did in his acceptance speech [at the Democratic Convention]. I think he feels it. I think he'll argue that his judgment was more prescient on Iraq, and he'll go from there." If he does, adds Stevens, "that exchange could be a real opportunity for McCain...