Word: shock
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Matthew Simmons is the author of Twilight in the Desert: The Coming Saudi Oil Shock and the World Economy (John Wiley & Sons...
...investors. "Four times in the last 40 years we've had major disruptions in global oil supplies coming from geopolitical events in the Middle East," says Lewis Alexander, chief economist at Citi. "If you were to see one of those scenarios play out, that would be a big additional shock. The consequences could be quite dire." True enough. But for now, the greater threat to the global economy remains more prosaic: the real and present danger that battered U.S. consumers will renounce their profligate ways and put away their wallets...
With 16 points in under a minute, jubilant Harvard had earned a share of the Ivy title, but even more rewardingly, had stunned the experts and foiled the ballyhooed Bulldogs’ perfect season. The shock and satisfaction of the draw was memorialized in this paper’s Monday banner headline: “Harvard Beats Yale...
...last three years, the strength of her relationship with the woman who recruited her has been a constant. “I think a lot of coaches, when they recruit, will tell you this, tell you that, and then when you get there it’s just a shock,” Hallion says. “That’s something that Kathy does differently: she doesn’t change. She’s consistent in what she tells people and how she acts with them. She’s the same...
...When the violence does finally manage to bump the on-field highlights off the front page, a chorus of shock and outrage inevitably follows. But on and off the field, this is a country with a gift for creating dust storms that are bound to change nothing once the proverbial dust has settled. The last fatality was in February when a 38-year-old police officer, Filippo Raciti, was killed by a teenage fan in Catania during rioting at the stadium in the Sicilian city. After the death, there was much talk of applying the same techniques that the English...