Word: serious
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...speed with which the inevitable weaning off of credit now takes place. If the "deleveraging" is quick, it will mean the European economy will be much better placed to rebound on a healthier footing. But curtailing credit would hurt consumers who are deep in debt, and would have serious consequences for retailers and others dependent on household spending for their livelihoods. If the deleveraging is slow, the economy could remain sluggish for several years, weighed down by debt levels. "It was transfusions of credit that made the economy buoyant, but if there's no growth from credit now, what will...
...Stephen King at the 2003 National Book Awards. I thought that was egregious. It rankled a bit that she should have told off Steve, and in effect dismissed him when he had just given this really great talk and the [National Book Foundation] had just given him a really serious honor. It was small-minded of Shirley Hazzard to object to his content...
...considering the economic crisis, Nevins suggets that the very equanimity achieved through prayer may actually help solve the concrete problem. He says that prayer-induced calm could affect the economic spiral in a way similar to the case of a serious illness in which a miracle cure may not be in the offing, but "doctors have observed that people who have hope are able to have a better quality of life and better outcome in their healing." Says Nevins: "If people stampede and panic and liquidate their assets, then we'll all be in worse shape. So maintaining some perspective...
...work of those operating within the law, those who pushed the law to the limit making loans the law allowed but, common sense dictated, should not have been made. ... deregulation has become all the rage ... if we somehow get past this, we must get serious about laws that ensure it never happens again...
...surprised if Garcia dropped to 10%. Peru is certainly not in bad shape, it just seems that way to many people because we can't get Garcia's first government out of their heads," said Eduardo Farah, head of the national association of industries. "The president has a serious image problem...