Word: result
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...will we believe the next offering that Wall Street will be retailing this week? "It's a buying opportunity!" "It's a short term blip!" A new report by Bernstein Global Wealth management notes that booms and busts often result in "unduly pronounced security mispricing," meaning, we tend to overdo things. Take banks, which were crushed in 1990 by real estate losses. (Sound familiar?) Ultimately, the game reset and bank stocks zoomed 199% through 1996, outpacing...
...comment" is a poor response? Not commenting on a rumor tends to raise the question, "Why is the target not responding to this rumor?" Hearers alternately wonder if there is some merit to the rumor, or if the target of the rumor has something to hide. The net result is that uncertainty increases. In experiments, my colleague, Prashant Bordia, and I have found that the no-comment condition results in an increased sense of uncertainty and gives credence to the notion that the [target of the rumor] is attempting to cover something...
...European integration rather than nationalist fervor remains the source of the town's economic success - despite the demise of its traditional livelihood, Arbroath's unemployment is falling and its wages rising at rates above the national average. Indeed, Arbroath has begun to flourish as a result of investment from the very institutions that decimated its traditional economy. The European Union's Common Fisheries Policy ran Arbroath's fishermen out of business; and E.U. agricultural policy for years made it impossible for local farms to compete. But local agriculture has recovered by accepting an influx of cheap labor from Poland...
...This single-minded focus on business, however, is precisely the problem. It is what led to the English-only rule, and there is no guarantee it won’t result in equally reprehensible policies in the future. There’s no doubt that the rule was misguided. But its source was neither xenophobia toward Asian players, nor a Western superiority complex, as commentators have claimed. It was desperation. The challenge for the LPGA now is to make sure that the green on the course doesn’t play second fiddle to the green in the bank...
...roles of the two authors of the study in question. Harvard Medical School professor Stephen B. Soumerai was the co-author, not the principal investigator. The study was in fact the doctoral dissertation of Michael R. Law, who was the paper's primary author. The error was a result of erroneous information provided by the Medical School's communications office...