Word: reaction
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...time had come for the SDR to supplant the dollar as the world's "supersovereign reserve currency." A few days later, a U.N. task force recommended the same thing. Then U.S. Treasury Secretary Tim Geithner endorsed giving SDRs a bigger role. After the dollar fell in currency markets in reaction, Geithner backpedaled. But at the G-20 meeting in London, President Barack Obama joined the assembled heads of state in agreeing to a nearly tenfold, $250 billion increase in the amount of SDRs available to be lent out. (Read "China Takes a Small Step Away from the Dollar...
...China's reaction to the launch was almost nonchalant, as if its diplomats couldn't be roused to work on a pleasant spring Sunday. In effect, Beijing said, Let's move along, folks - nothing to see here. The Foreign Ministry, in fact, issued a statement calling on other nations not to do or say anything that would upset international "peace and stability" - as if Pyongyang's launch had not already done...
...opening gambit to test a new administration in Washington, Pyongyang is being typically audacious. The North Korean government probably noted with interest that in its immediate reaction, the White House insisted that the North "abandon the development of weapons of mass destruction." It said nothing about destroying the small arsenal of nuclear weapons the North already possesses. Analysts in Seoul wondered whether that was deliberate - a signal that Washington not only still wanted to talk, but that it might be flexible about how the North can stand down its weapons program. Because at some point, new talks, despite the launch...
...When you touch something, you instantly feel more of a connection to it," says Suzanne Shu, a marketing professor at UCLA's Anderson School of Management and co-author of the study. "That connection stirs up an emotional reaction - 'Yeah, I like the feel of it. This can be mine.' And that emotion can cause you to buy something you never would have bought if you hadn't touched...
...intriguing to me that so many find the opposition to Obama incomprehensible. My gut reaction to this dissent was disbelief: Notre Dame affiliates had a lot of nerve to protest the president’s appearance as I searched Matt Lauer on Wikipedia and prayed that I might still catch a glimpse of Michelle Obama (and her phenomenal biceps) at commencement. I can only hope that Steven Chu is equally toned...