Word: normalities
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...first floor of the New York headquarters of financial firm Credit Suisse. One of the restaurants, Eleven Madison Park, features a duck-liver terrine with pineapple and pearl onions on a rum-raisin brioche. The appetizer costs an additional $20 on top of the restaurant's normal $88 tasting menu. But few are buying. "I call it the AIG effect," says Meyer. "Even if you haven't lost your job, you don't want to been seen as extravagant...
...talking about, that's Fannie Mae. Likewise with the investment banks. I used to sit there and say they're all going to eight [dollars per share]. It was clear that there were 29-year-olds on Wall Street sitting around making $10 million and thinking this was normal. I've been experienced enough to know that this is not reality. I'm still short the investment banks...
...normal cyclical slowdown, lowering interest rates encourages fresh business activity by reducing the cost of borrowing from banks. With more borrowing comes more investment, more jobs and more growth. But these are far from ordinary times. Banks, already burdened with bad consumer and commercial debts, are desperate to clean up their balance sheets and avoid risk - they are not eager to take on more risk by issuing new loans against the backdrop of a deteriorating business climate. American consumers, too, are trying to reduce household debt, so borrowing more money for a new car or to remodel the kitchen...
...Florida's 11.2 million registered voters by the actual Nov. 4 Election Day. That massive turnout prompted Florida's GOP governor, Charlie Crist, to flash his bipartisan bona fides this week and lengthen early voting on weekdays by four hours (while letting each county decide whether to lengthen the normal hours this weekend...
...early-voter rallies and holding drum-line marches in Miami's predominantly black communities. Most polls show Obama with a narrow but unexpected lead in Florida, and the lopsided presence of Obama supporters in the early-voting lines, which affords the campaign more pre-Election Day publicity than normal politicking would, "is helping us torque up the vote in as many different pockets of the state as possible," says campaign spokesman Jamal Simmons...