Word: mistral
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Dates: during 2000-2009
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...Jacques Mistral, head of economic research at the French Institute of Foreign Relations in Paris says Thursday's move reflects a last-gasp provocation by the Bush administration, which has never forgotten France's emphatic non before the invasion of Iraq. Mistral - who was economic adviser at the French Embassy in Washington during the stormy period from 2001 to 2006 - says the current swipe at Roquefort will prove less economically threatening than the Iraq-triggered American public boycott of France's wines in 2003 - and shorter-lived than the deportation of French fries from Congress' menu. "Even from this administration...
...seemed to accomplish all its traditional ends. Undergraduates were given the opportunity to experience the irrational thrill of passive out-group derogation firsthand, as a caravan of Yalies almost entirely indistinguishable from ourselves became the target of generalizing groans and Othering invective. The alumni breezed through town, a moneymaking mistral the administration is all too happy to greet. Harvard showed Allston what’s what, Yale lost, and HUPD intervened—decisively and wherever it could. By Sunday morning, Harvard’s imagined community had gotten to know itself again, flaws...
That will take time, but for now, most observers air cautious optimism that the government responses have turned the corner on the crisis. According to economist Jacques Mistral, head of economic research for the French Institute on Foreign Relations, the general fear that caused the bearish epidemic pushed markets so low that traders were already looking for a bottom from which to rebound...
...Governments provided that for them with their collective rescue approach, which, it has to be said, was rolled out exceptionally well," says Mistral. Markets didn't want just a plan showing the way out, Mistral says, but also promises from governments that further failures like that of Lehman Brothers would not be allowed to happen. "We've avoided the worst and will probably see things returning to close to normal," Mistral says. "Still, we've got two to three months of anxious waiting to see how bad the wider economic outlook will...
...spectrum. Detractors disparaged the U.S. economic model for rewarding short-sighted greed with indecent executive compensation, for its myopic focus on share price rather than wider-view company performance, and for its recurrent bubbles and busts. "People ironically asked when American markets would stop believing in free lunches," recalls Mistral...