Word: losely
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...signs of a real panic is that the people in the midst of it to some extent lose their minds. They are robbed of their ability to reason and see things clearly. They lose the compass they may have had. Even the analytic ability of "experts" is compromised, so the spreads among forecasts get very broad as things get worse. It might be of some comfort that all analysts think that 555 banks will fail in the next 24 months. Instead, some put the number at 200 and others at 1,400. The facts at the center of the analytic...
Flight Plans. Domestic airlines will be carrying 6.6% to 8% fewer passengers in 2009, according to a new report by the Boyd Group. Airlines will respond to the decline by cutting capacity 10% - but if they don't raise fares now, they'll still lose an estimated $7 billion in revenue this year. Which could result in more add-on fees for travelers or fare hikes down the line. The Boyd group is not predicting a return to 2008 capacities until...
...found a new champion, Avigdor Lieberman, 50. A Moldovan-born immigrant and ex-nightclub bouncer, Lieberman is denounced by the leftist Israeli press as "a racist" and a nationalist in the mold of Russia's Vladimir Putin. He wants Israeli Arabs to swear loyalty to the Jewish state or lose their voting rights; and he is demanding that borders be re-drawn so that more than 100,000 Israeli Arabs, against their will, would become part of a future Palestinian state. Lieberman's Yisrael Beitenu party is expected to garner 18 to 19 seats, bumping the venerable old Labor party...
...thing he doesn't want to happen is for people to blame him later that he didn't offer himself when he was called upon and needed most," explains Tajzadeh. "The worst that can happen is he'll lose. At least he won't be blamed for not running...
...drought will no doubt exacerbate rural unemployment, because arable land is what most migrant workers resort to when they lose their jobs in the cities, and now their last option is under what's probably the most severe threat in decades," says Zhang Xinghua, a researcher at the Chinese Academy of Social Sciences' Rural Development Institute. "This will also have an impact on social stability, though it's hard to gauge to what extent yet. But as the overall economy further slows, I think the situation is likely to get worse...