Word: reaction
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...involved explains the inability of markets to find new, stable values for stocks," says Deutsche Bank euro-zone economist David Naudé. He concurs with Touati that while the credit crisis and its consequences are grave, the wider economic realities don't merit the dread that is driving market reaction - at least...
Lending remains absolutely frozen right now, as banks are too frightened to lend to each other - let alone businesses and municipalities, since they're worried about who could go under next. The initial market reaction to Paulson's speech was something on the order of: "Holy [expletive deleted], we must really be in trouble." The market cratered when it heard on Wednesday, losing nearly 190 points on the Dow after trading in the black for most of the day. It tanked again on Thursday...
...Market-watchers credited the relative market calm to Wednesday's coordinated rate cuts by the U.S. Federal Reserve and five European central banks. China, South Korea, Hong Kong and Taiwan also reduced benchmark lending rates. Ting Lu, an economist with Merrill Lynch in Hong Kong, called local market reaction to the cuts "generally positive, but cautious...
...That narrow scope for united action was duly noted during Saturday's minisummit in Paris. "Each government will operate with its own methods and means but in a coordinated manner," Sarkozy said of European reaction to the crisis. In saying that, he clearly didn't suspect that Merkel would issue a unilateral savings guarantee the next day. Still, Sarkozy and his fellow E.U. leaders also made it clear that it may now be too late to do much else but limit the extent of the damage in the current drama and await new global rules on finance and business ethics...
...reaction to the potential axing of words has revealed specialized meanings that seem to have escaped the dictionary's compilers. David Pybus, a perfumer in London, says agrestic's alternate meaning should qualify it for preservation: "It is used," he says, "in the perfume and flavor industry quite extensively to describe an aroma note or type which is 'of the countryside,' such as hay, heather, forest depths or meadow." Who knew? Elsewhere, fantasy-game devotees have rushed to the defense of periapt (a charm or amulet), which they know from the popular Dungeons & Dragons game, and geologists have pointed...