Word: systemic
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...Wall Street Journal suggests that B of A may hold a special place in the government's heart because it bought Countrywide and Merrill Lynch at times when a public bailout of those companies could have caused the credit system angina. With Congress and watchdog agencies watching how the Treasury and Fed are using their thinning cash reserves, B of A will not be getting any sympathy or special dispensations from regulators...
...bank cannot play the Merrill card in the court of public opinion. B of A's CEO Ken Lewis has already made the case the Henry Paulson virtually forced him to close the Merrill deal because it was in the best interests of the country's troubled financial system. If that transaction is at the heart of B of A's capital shortfall, the firm has a legitimate argument that because it helped the government when it was in a jam, it is time for the government to repay the favor...
Bernanke looks at the economic world from 30,000 feet. That has intellectual value and may even contribute to proper administration of the stimulation necessary to improve the financial system. The disadvantage of seeing the system that way is the world is lifeless when contemplated at such a great distance. It is impossible to see a person out of work from six miles away. Bernanke's academic background allows him to understand that inventories are low and home prices are affordable. He sees a small movement of the needle of the economy and says it is a trend...
...early to know. In the Great Depression we had a recovery after '33-it wasn't a full recovery, but it was a recovery. So it's entirely plausible that we could be there soon. But a full recovery didn't come until 1947/1948. We really messed up our system for now, and it's going to be hard to have a full recovery. But we could have further gains in the stock market and an end to the home-price declines...
...World Health Organization (WHO) uses a similar on-the-ground surveillance strategy - a text-mining system of media reports, called the Global Public Health Intelligence Network (GPHIN), designed to suss out mentions of unusual illness. And the CDC has a network of physicians who routinely sample and test patients to see what bugs they have and might be circulating in the community. But these systems have many moving parts, relying on state, local and even community health-care workers to both recognize and report anything out of the ordinary. Once a community doctor sees what he thinks might...