Word: opinionizing
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...these days that some of the most bullish things driving stock prices are not facts but opinions. Earlier in July there was a nice market bounce, thanks to bullish comments by long bearish analyst Meredith Whitney. On Monday, July 20, it was an opinion coming from the investment-strategy team at Goldman Sachs, which reported that the firm was raising its estimates for what companies in the S&P 500 would earn this year and next...
...opinion...
...Many Arabic news media covered the story only sporadically or failed to pick up on it until days after the riots began, and opinion writers - who were especially prolific in defense of the headscarf martyr - had very little to say about the Muslims in China. An article over the weekend in Saudi Arabia's Arab Times likened the struggle of their Uighur "co-religionists" to that of the Palestinians and compared the Han Chinese to the Jews; and an editorial in Egypt's state-run Al-Ahram newspaper last week urged the international community to pay more attention...
...Nevertheless, now that the parliament has backed the E.U. bid, Iceland's application is expected before the end of July. The European Commission could rush through an official positive opinion in six months, which would make Iceland a formal candidate by early 2010. The actual entry talks could take another year, or two. At the same time, Iceland would have to amend its constitution. (See a video on Iceland's financial collapse...
...final say would rest with Icelandic voters, who will eventually decide on accession in a national referendum. Although opinion polls currently show around 70% of Icelanders backing the launch of E.U. accession talks, there is still time for voters to change their minds about joining. But whatever the outcome, Iceland has already destroyed its myth of splendid isolation...