Word: pattern
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...time when Barack was offered a chance to abandon politics and take a job as head of a foundation: "The job offered much-needed financial security, a point Michelle was pushing. This was also a pattern in their marriage - she playing the role of the industrious, paycheck-retrieving ant, he the role of the devil-may-car grasshopper. Unafraid of plastic, he had a habit of putting professional expenses on his credit card and neglecting to file for reimbursement...
...still a stumble back in January. Just look at the stock markets since the beginning of the year. By market close on Oct. 7, the Dow Jones Industrial Average had dropped by 27.5%; the FTSEurofirst 300 Index of European shares was down 32.5% over the same period. The pattern continues. As go U.S. shares, so go Europe's, but faster and harder on the downswing - and more slowly on the way back...
Back-to-back weeks of domination have left the Democrats in control of their destiny. It will take a slew of Obama errors, an outside event favoring McCain and an outsize racial-voting pattern for McCain to get back in contention...
...China may cut rates two or three more times this year, Lu predicts, following a pattern established during the 1997 Asian financial crisis when the country used aggressive monetary policy to maintain economic growth. On Thursday Hong Kong, a Chinese territory, reduced its lending rate for the second time in two days, dropping it by 50 basis points to 2% amid what Monetary Authority chief Joseph Yam called "the financial crisis of this century...
This week's moves fit the pattern. But they also show just how far the crisis has spread. The decision to shore up commercial paper will allow companies that are unable to borrow money from either the shadow or the real banking system to have access to the lender of last resort (the government), ensuring that credit still moves in the system - hopefully. And the $700 million program Paulson is steaming ahead with will allow for the clearing of bad loans, and inevitably the orderly failure of companies that invested too heavily in them...