Word: passe
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...good news for Britain's pound: nasty fronts like this are usually rare, and soon pass. For one, the slide likely had more to do with Prudential's announcement than with intensified concerns about hung parliaments, as was reported widely in the British press, says Daragh Maher, deputy head of global foreign exchange strategy at Credit Agricole in London. In some ways, that's encouraging. If a single opinion poll was able to trigger the kind of slump seen Monday - in a volatile day of trading, sterling eventually closed 1.7% down on the dollar - an actual hung parliament might...
...because they were old enough, unfit enough and deep enough below the decks to have a hard time making it to a lifeboat. What's more, traveling without children may have made them slightly less motivated to struggle for survival and made other people less likely to let them pass. This demographic slice then became the so-called reference group, and the survival rates of all the other passenger groups were compared to theirs...
...heart of the contrast Romney draws between himself and the president: while his prescriptions are designed to preserve American supremacy, Obama espouses American equivalence. "If the president accepts that America is in an irreversible state of decline relative to the world, it may well come to pass under his stewardship," Romney warns. (See pictures of Obama's overseas trips...
...will be up to Frumin to decide what parts of the previously passed Senate health care bill Senate Democrats can and cannot amend with a simple majority of 51 votes. House Democrats, who are being asked to pass a Senate bill with which they have some real disagreements, are counting on their Senate colleagues to make a certain number of tweaks after the fact, but that is no easy task. (See 5 things to watch at Obama's health care summit...
Holdups in the Senate have made it unlikely that any significant banking legislation will pass, but that is a moot point, Obama’s plan to curb risky investing by commercial banks is nothing more than a cynical attempt to gain populist support at a time when his domestic agenda is flagging. But if the failure of the banking bill presents Obama with an opportunity to initiate a new phase of his presidency, he needs to abandon more than just his financial policy: the entire populist strategy that it represented has to go as well...