Word: surprisee
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Rising mainland prices should come as no surprise. For years, economists have wrung their hands over the prospect that China's economy might finally overheat. The latest inflation report signals that time may be at hand. China has recorded four straight years of double-digit economic growth, and 2007 will...
But the only thing more dangerous than a victorious Hizballah is a weakened Hizballah. If the U.N. soldiers in Lebanon ever started to seriously cramp Hizballah's style, the peacekeeping force would be toast. Lebanese history is littered with examples of foreign armies meeting their fate in this fractious hill...
But the core of this is, as Barings' Khiem says, a lack of information. It all started as a problem that seemed both predictable and containable: U.S. borrowers with bad credit history started (surprise, surprise!) defaulting on their mortgages. But that meant trouble for more than just the mortgage company...
Not that this phenomenon is limited to Europe. South Korean and Taiwanese banks got hammered on their respective stock exchanges last week because of fear - based, again, on a lack of knowledge - that they had bought a lot of paper tied to the subprime debt market. And in Hong Kong...
But if Romney's first-place finish was just the logical next step in his mechanical push toward January, the genuine surprise of the day was Mike Huckabee's runner-up placement. The former Arkansas governor captured 2,587 votes (18% of the total) to Romney's 4,516 (32...