Word: rathering
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...sense a ‘manual’” and instead a tool to enable investors to “analyze the conditions back of all security values.” Like his future competitors, Moody specifically intended his credit ratings to enable analysis rather than be ends in themselves. Nonetheless, by 1970, when the firm switched to a “corporation-paid” model, Moody’s ratings had become decisive factors for investors. In fact, by 1970, ratings from Moody’s, S&P, and Fitch had become such an important part...
...response, advertisements, television shows, and even the news are placing more and more emphasis on keeping the viewer entertained with short clips rather than informing them with long ones. The 30-second television commercial is all but extinct; we simply cannot focus for that long anymore. How many of us have spent hours flipping through the television, unable to settle on just one channel? Reared on a diet of constant entertainment, it is no wonder that some of us fail to find instant gratification in life and turn even more toward the virtual world...
...spying powers on Americans. Just last week, the New York Times revealed that the agency had attempted earlier this decade to eavesdrop without a warrant on a member of Congress traveling overseas. Obama, who has frustrated some civil-liberties advocates with his stated preference to focus on the future rather than the past, is also likely to face continuing pressure from Congress to cooperate with investigations of CIA rendition, detention and interrogation programs...
...Robert Mugabe in neighboring Zimbabwe, creating the opportunity for Zuma to do better. A lessening in ANC support would ultimately be good for the health of South African democracy, which has lacked a strong opposition since the end of apartheid. Finally, ANC Presidents are a creature of their party rather than the electorate, as Mbeki's removal showed. Should Zuma underperform and disappoint his supporters, he might expect the same fate - and before his official term...
...anniversary celebrations come at a pivotal moment for the United States and China. On April 6 Defense Secretary Robert Gates announced his intention - and a budget to back it up - to build future defense spending around the "wars we are in," rather than those that military planners can imagine. The decision is hugely consequential. Even as the U.S. was engaged in two fronts in the so called War on Terror over the last eight years, it simultaneously spent defense dollars on weapons systems grounded in the assumption that someday the U.S. might well find itself in conflict with...