Word: predictableness
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...extravagance in a mostly temperate country, the "snow event," to use another weatherman catchphrase from yesterday, has cost Britain dearly, up to ?3 billion according to some estimates, with at least 20% of the workforce taking a day off and many retailers and restaurants failing to open. Economists predict that the disruption will hasten the demise of businesses already struggling in the inclement economic climate. Now the snow on the ground is turning to ice, creating fresh problems, and further snowfalls are predicted. Additionally, England could run out of gritting salt in two weeks. (See pictures of London's financial...
...Most economists blame the collapse of the credit markets which began the recession on a drop in US housing prices and devaluing of subprime mortgage-backed securities. The Wall St. experts who created these financial instruments failed to predict how quickly low-quality mortgages would default to some extent because the national value of housing had gone up for decades. But, as defaults did rise, the value of these derivatives cascaded and the banks and other institutions which held them were required to take massive losses. At Davos, Russian and Chinese leaders attacked the U.S. for the "failure" of regulators...
...Cardinals are a true Cinderella story, but the Steelers demonstrate the limitations to the Cinderella story, particularly applied to 200 pound men,” Danello said. “As unfortunate as it is, I predict that the Steelers will triumph...
...predict anything else? You just put a question to him in the moment and see how he reacts. He's a very readable barometer. Just ask him your question and assess his mood and there's your answer. Chuck is kind of a Zen groundhog. He is filled with wisdom...
...Meanwhile, the government on Friday reported that industrial production plunged 9.6% in November, the largest month-to-month drop since Tokyo began measuring such data in 1953. "The problem is very serious," said Economy Minister Kaoru Yosano during a news conference. "It's impossible now to predict when the economy will hit the bottom...