Word: knews
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When William Lewis, Telegraph editor-in-chief, first looked at the material Wicks brought him, he felt "physically sick," he says. "I knew at that moment we had no option but to publish because the readers needed to know what I had just been shown." Initial coverage focused on Labour. "In the early days we took a lot of heat from senior people in the Labour government about why we were starting with them," says Lewis...
...arts, I was a painter. Then I was a stay-at-home mom. Somewhere along the line, I realized that I liked telling stories, and I decided that I would try writing. Ten years later, I finally got a book published. It was hard. I had no skills. I knew nothing about the business of getting published. So I had to keep working...
...1990s and 2000s, in fact, this myth of the rational market was embraced with a fervor that even Irving Fisher never mustered. Financial markets knew best, the thinking went. They spread risk. They gathered and dispersed information. They regulated global economic affairs with a swiftness and decisiveness that governments couldn't match. And then, as debt markets began to freeze up in 2007, suddenly markets didn't do any of these things. "The whole intellectual edifice collapsed in the summer of last year," former Fed chairman Alan Greenspan said at a congressional hearing in October...
...myth of the rational market. For a few decades, financial markets were seen as unruly beasts that had to be tamed with tight regulation to help protect the hard-earned savings of regular Americans. But memories of the 1930s eventually faded, and in the 1950s, the idea that markets knew best began its comeback. This was part ideological reaction to the antimarket conventions of the day, part scientific progress. It was the combination of the two, in fact, that made the idea so powerful...
...century, Hussein and a band of fewer than 100 people, including women and children, took on the mighty Umayyad dynasty in Karbala, an ancient city in Mesopotamia now in modern-day Iraq. They knew they would be massacred...