Word: reaction
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...textbook crisis management, similar to Johnson & Johnson's famously forthright and successful reaction to the Tylenol tampering scare of 1982. So far, so good. But while Johnson & Johnson was soon able to restore Tylenol's lost market share, the U.S. faces a different challenge...
Then there is the debt that set off this crisis: mortgage debt. Overly easy mortgage borrowing financed the house-price bubble. The bursting of that bubble set off the chain reaction of financial implosions that we are experiencing at the moment. Yet you rarely hear politicians calling it a bubble. In fact, constantly rising real estate prices seems to be regarded as some kind of natural right, or at least a natural state to which we must return as soon as possible. Getting prices "moving again"--which means moving higher--is one all-but-explicit goal of the Paulson bailout...
...stunned-silent congressional leaders: a stock-market crash, businesses going under, unemployment soaring, consumers unable to get so much as a car loan, banks failing so fast that they would quickly drain the federal deposit insurance fund--and with it, countless people's life savings. And unlike the chain reaction that came over the course of weeks and months in 1929, this one would happen in a matter of days, if not faster. "The chain reaction," said Paulson, "is quicker than in the past...
...impossibly wide. Is it going to strike? No--it coughs up a half-digested mouse, leading me to assume that the snake is as queasy about giving me a massage as I am about getting one.) When Barak plops a writhing tangle of snakes on my belly, their first reaction, and mine, is panic. They race away in six directions, and she patiently plops them back, braiding them together to slow their getaway...
...diplomats doubt that negotiations over verification will be nettlesome. For months South Korea's envoys have been warning that this next step could be a deal killer. That's why the reaction to Pyongyang's latest temper tantrum has been measured. The nuclear program is the North's only real source of leverage with the outside world, and so they're using it again. Gordon Johndroe, a spokesman for Bush's National Security Council, said the North's actions were "very disappointing" and urged Pyongyang to "reconsider these steps...