Word: prescient
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...underlining, yet again, that savvy market-makers can harness arcane financial instruments as weapons of mass destruction. Left in Madoff's wake are bankrupt investors, mortified regulators and a raft of unnoticed red flags. Madoff's methods previously had been investigated by the SEC, and in 2001, a prescient article raised questions about his inscrutable strategies: "Madoff's investors rave about his performance - even though they don't understand how he does it," wrote Barron's Erin Arvedlund, who quoted a "very satisfied investor" as conceding, "Even knowledgeable people can't really tell you what he's doing...
...early live TV. One afternoon, on the Coney Island beach, she was approached by a young off-duty policeman and asked if she'd pose for some pictures. Perform? Why not? Thanks to the cop, Jerry Tibbs, Bettie received her first lessons in modeling. Tibbs also offered Bettie some prescient advice: Wear bangs. The new hairdo hid her high forehead, provided a straight-line frame for her round face and her pert lips. Voila! She now looked like Bettie Page...
...Krugman's assessment is only partly reassuring: "We're not in a depression now, and despite everything, I don't think we're heading into one (although I'm not as sure of that as I'd like to be)." In this updated and revised edition of his prescient 1999 book, the author shows how the Asian and Latin American financial crises of the 1990s foreshadowed the current situation and argues that the rise of unregulated financial institutions--or "shadow banks"--since then has been the real problem. The solution: Policymakers around the world need to "get credit flowing again...
...described himself as a black militant. His optimism inspired him to predict an Obama win months in advance; his claim that the Treasury “gotta put [Mr. Obama’s] face on the five-thousand dollar bill,” however, may prove to be less prescient. —Jake G. Cohen is an outgoing Arts Chair. His thesis is actually about France; it’s pretty boring...
...said that the President-elect chose not to speak about America’s prescient racial issues because of the political risks that they carry. “He would have immediately seen his political star heading in a different direction...