Word: sentimentalism
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...reserve currency would be both time-consuming and complicated. And since China holds so many dollars, selling even a small amount of its reserves would dent the value of those that remained. But despite the glitches, argument over the need for a new international reserve does little to lift sentiment in the dollar's favor. Its replacement might be an "implausible suggestion," analysts at HSBC wrote in a May note to clients, but "its pre-eminent position as the reserves currency of the world does not mean that [the dollar] will maintain its value." Like Derrick, HSBC is counting...
...During the press conference in which he admitted his affair, Mark Sanford warbled that he had broken "God's law," a sentiment that served only to emphasize the narcissism that had gotten him in trouble. Wrestling with God's law had apparently been the subject of many sessions of his Bible-study group, a seminar that may have spent a little too much time on the Song of Solomon, given Sanford's e-mailed encomium of his lover's physique: "I love the curves of your hips, the erotic beauty of you holding yourself (or two magnificent parts of yourself...
...Italy’s identity crisis has been going on for at least 15 years, if not more. Why would anti-immigration sentiment become increasingly popular and widespread now? To understand the second aspect of this xenophobia, I draw upon a lesson I learned from Ec10 (words I thought I would never write): Times of crisis, in particular slow economic growth, are bad for democracy. William Joseph Maier Professor of Political Economy Professor Benjamin M. Friedman’s April 6th lecture, “The Economic and Financial Crisis: Also a Moral Threat,” suggested that anti...
Japan's hard-hit economy this week got a double dose of mildly good news. According to official figures released June 29, Japanese industrial output jumped nearly 6% in May, matching the largest monthly increase since 1953. And on July 1, the much-watched tankan survey, which measures sentiment among Japan's largest manufacturers, improved for the first time in two-and-a-half years, indicating confidence in the country's economic prospects is starting to grow...
...legislation may seem a sure bet, but anti-immigration sentiment still runs hot enough in Congress to make passage of the Nelson-McGovern bill a real challenge; and it's likely a big reason the Obama Administration, which is cautiously trying to revive immigration reform, hasn't completely done away with the widow penalty on its own yet. Conservative immigration think tanks like the Center for Immigration Studies in Washington, for example, say the rule is a sensible safeguard against rampant marriage fraud, sham matrimonies between a U.S. citizen and a foreigner solely to get the latter a green card...