Word: stilles
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...capital markets, which can be accessed more cheaply than ever before. But the success of the market has resulted in a vast accumulation of capital in tradable form that is now capable of wrecking whole economies. In 2000 and 2007, financial bubbles did great damage, and the monster is still out there...
...price point. The value of that number shouldn't be underestimated; everyone loves to bash Apple for its pricing hubris (particularly on hyped products like the iPad where you know they could effectively price it like an Aston Martin for the first month and still have lines at the Apple Store). But among all the complaints about the iPad launch, you didn't hear much griping about the price...
...history of Wall Street, that decades of financial innovation that seemed like positive evolutions at the time have turned our markets into scary places. In part, Smith says Wall Street is fixing its problems by reining in pay and lowering leverage ratios. But he believes Washington and regulators still need to intervene to make financial markets safer...
...clearly in a debt league of its own. Obama's proposed deficit, representing about 11% of gross domestic product, is part of a 10-year plan aimed at reducing the U.S. budget shortfall from its current level to a still hefty annual average of 3.6% if everything goes well. The deficit amounts may be less dizzying in Europe, but they're still a major cause of concern for fiscal purists who fear that some governments may end up drowning in red ink. Twenty of the European Union's 27 members are running deficits to ease their way through the global...
...feel humiliated. Wronged, perhaps, but not humiliated. In a trial that opens outside Paris on Tuesday, French officials will try to pin the blame for the Concorde's demise on Continental Airlines. It was not, they insist, the Concorde's design that led to its demise; indeed the plane still has cherished status among many in France as a feat of engineering and aesthetics, hence the monument at Charles de Gaulle. (See four decades of the Concorde's supersonic magic...