Word: suggestting
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...time of pessimistic forecasts and rising fear, many toxic assets are probably worth more than the bank models or credit-default-swap indexes suggest. For example, a recent reading of the ABX index puts the value of even the highest-rated subprime mortgage bonds created in 2007 at only 27% of their precrunch prices. Yes, Americans are behind on their mortgages, but even the most pessimistic prognostications do not predict that 73% of home loans will become worthless. (See pictures of the dangers of printing money...
...Brendan Burchell, a Cambridge sociologist, presented his analysis based on various surveys conducted across Europe. The data suggest that employed people who feel insecure in their job display similar levels of anxiety and depression as those who are unemployed. But whereas a newly jobless person's mental health may "bottom out" after about six months, and then even begin to improve, the mental state of people who are perpetually worried about losing their job "just continues to deteriorate, getting worse and worse," Burchell says. (See 150 recession-proof jobs...
...Burchell's study wasn't designed to offer direct explanations of the data, but there are established psychological patterns that may suggest them. For example, psychologists have documented an "impact bias in affective forecasting," which is the tendency for people to overestimate how strongly they will react to emotional events. One study showed that university professors greatly overestimate the jubilation or depression they would feel after learning whether they had been offered tenure. That may help explain both the depression among the still-employed and the relative well-being of those who lost their...
...bothers keeping figures, but poultry industry estimates suggest that millions of birds will be posted this year. McMurray Hatchery in Iowa alone packs 200,000 chicks a week during Easter...
...only half the number requested by U.S. commanders there; the President is awaiting the completion of a strategy review (the third since the U.S. invaded Afghanistan in late 2001) before committing to a new plan. And his comments on Saturday, in an interview with the New York Times, suggest that reconciliation with elements of the Taliban may be a key part of that strategy. For many observers on the ground, however, proposing negotiations and compromises while the Taliban is militarily in an ascendancy sounds like capitulation. (See pictures from the front lines of the war against the Taliban...