Word: mode
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Sure, the economy is in crisis mode and the U.S. has probably entered a recession, but at least we can make fun of the suits who made it happen. Or who watched it happen. Or who were powerless to stop it. That's why Sad Guys on Trading Floors is such a hit (and why TIME ran something similar a few weeks...
Discharged from the service in 1973, Janos headed to California and took up with a motorcycle club called the Mongols. "It was the only mode of transportation I had when I got out of the military," he now explains, and scoffs at idle suggestions that this affiliation could have created some entanglements with the law. "I've never been arrested in my life. Never had cuffs put on me, never been charged with a crime, never spent one day in jail...
...there is little evidence of belt-tightening in Washington. While the rest of the country switches into austerity mode, there's almost a boomtown feel in the capital, where a federal spending spree is rapidly driving the federal deficit to record heights. For the fiscal year ending Sept. 30, the gap between revenue collected by the government vs. what it spent was already lofty at $455 billion - an amount equal to nearly 7% of GDP, making it the largest deficit since the end of World...
...anticipating recovery in the same way their fears of economic slowing accelerate the arrival of that very crunch," Touati says. "Right now, a lot of the medicine for a remedy for long-term recovery is already out there, but markets are in such a micro-short-term speculative mode they aren't taking it. That's what has driven share prices of many fundamentally sound companies so low that investors willing to take a risk now will make a killing in the longer term...
...safety--capitulation, in other words--is a good thing, signaling that a market bottom is near. More important, though, says Tom McManus, chief investment officer at Wachovia Securities, is your own comfort level: "If you can't sleep, you have to sell down to the sleeping level--a mode where you are comfortable opening the statement and discussing it with your adviser or a family member...