Word: shock
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...consumer binge has been fueled not by rising incomes but by rising debt, especially mortgage debt. "People can't spend 200% of their income on mortgages," says Stiglitz. The only way for this to continue was for house prices to keep rising. Then, shock of shocks, they stopped going up, and mortgages started going bad by the millions...
...consumer binge has been fueled not by rising incomes but by rising debt, especially mortgage debt. "People can't spend 200% of their income on mortgages," says Stiglitz. The only way for this to continue was for house prices to keep rising. Then, shock of shocks, they stopped going up, and mortgages started going bad by the millions...
...twin risks of a painfully deep recession and yet another bout of unsustainable, debt-fueled consumer spending. There seems to be little controversy over whether the Fed should ease rates, but there's lots of controversy over when and how much. The Jan. 22 rate cut came as a shock, but it did seem to calm the markets, if not buoy them...
...17th century. But Nicolas also brings in another important strand of history: he hails from the northern city of Palencia, not too far from hometown of St. Ignatius of Loyola, the 16th century Basque soldier who founded the Society of Jesus. The Jesuits eventually became the shock troops of the Church as it fought the Reformation, terrorizing Protestant regimes from England to the Netherlands to Sweden...
...body circumvent this mess, either by hushing the hypothalamus or reducing cortisol production. Coan and his colleagues conducted an experiment in which married women underwent brain scans using functional magnetic resonance imaging (fMRI). During the scans, the women were told they were going to receive a painful electric shock. The researchers then watched to see how the subjects' brains responded to the threat and found that among happily married women, hypothalamus activity declined sharply if husbands held their wives' hands during the experiment. Women who reported being less satisfied with their marriage--and women whose hands were held by strangers...