Word: stressful
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...Another pillar of economic growth is getting knocked away: domestic demand. Asians may have a lot more money than they used to, but even so, they tend to be savers, not spenders, and quickly return to stuffing cash under the mattress during times of economic stress. In South Korea, wholesale and retail sales growth slipped to 3.8% in August from 5.5% in July. Even in go-go China, passenger-car sales fell 6% in August, the first decline in more than two years...
...following the Thursday exchange, U.S. officials were quick to stress their desire to continue cooperating with Pakistan, even as Zardari declared "we cannot allow our territory and sovereignty to be violated by friends." While Pentagon officials were upset that the Pakistani military fired on their aircraft and were seeking an explanation, the word of the day at the Defense Department was "de-escalate." General David Petraeus, who has just stepped down as head of U.S. troops in Iraq and who in a month will become head of U.S. Central Command, which includes Iraq, Afghanistan and Pakistan, says Pakistan's very...
...started working closely together from the day I arrived. I chair something called the President's Working Group on Financial Markets, and although we weren't predicting this, we certainly knew we were bound to have stress and turmoil in the capital markets. It had been a long time, you have to go back to '98 since we'd had the last serious bout, and so we've worked very closely together for over two years now. And we work very well...
...blame Harvard for some of this—partly because it’s fun to blame Harvard, but also because we really are immersed in a careerist, corporate, and insipidly utilitarian dystopia. We hear a lot about stress, even clinical depression and mental illness in the Harvard student body—no wonder, given the enormous pressure on each of us to make a splash in the world...
...leveraging to the hilt. But with credit drying up, financing activities with deposits - like commercial banks do - appears to be a better strategy. Commercial banks like Wachovia also have fairly conservative caps on the amount of leverage they use, which affords them greater flexibility during periods of financial-system stress...