Word: reaction
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...some damage after Washington failed to pass a $700 billion bailout plan for the U.S. financial system, the catalyst for Wall Street's plunge. Japan's Nikkei Index fell 4.1% on Sept. 30; after declining in early trading, stocks in China and Hong Kong eked out small gains. "The reaction was not as bad as I had feared," says Dariusz Kowalcyzk, chief investment strategist of CFC Seymour, a boutique investment bank in Hong Kong...
When crisis strikes, it has often been Congress’s knee-jerk reaction to accept whatever the executive branch has to offer. The Patriot Act and the Iraq War are a couple of recent examples, and the trend continues today. The current financial crisis is an issue that strikes at the hearts—and pocketbooks—of every American, and is sending Congress into panic mode again. It seems that few predicted a worsening crisis after the subprime bubble months ago, listening to President George W. Bush’s serene conviction that everything was going smoothly...
...what happens now? On Capitol Hill, House leaders said they'll try again soon. Treasury Secretary Henry Paulson practically begged for a revised deal in his brief appearance after the market carnage. "Our tool kit is substantial but insufficient," he said. The market's traumatized reaction today may change some minds and some votes...
...Corrections in 2001, the author said he had never seen her show and the thought of his book having "that logo of corporate ownership on it" dismayed him. "[S]he's picked enough schmaltzy, one-dimensional ones that I cringe," said Franzen at the time. Winfrey's reaction was swift: she rescinded an invitation for Franzen to appear on her show. (The Corrections stayed in the club; Franzen, chastened perhaps by his publisher, thanked Oprah in his acceptance speech when the novel won the National Book Award...
...mate. There seems to be an epidemic of, “Ooh, wouldn’t it be cool if…” running through the McCain camp, but this is no way to govern. Presidential decisions must be made with careful consideration of consequences and public reaction. McCain’s antics had the foresight for neither...