Word: thus
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...there are to be any fights over the financial rescue plans between the incoming and outgoing Presidents' economic teams, they haven't started in earnest yet. Paulson has spoken twice thus far with a representative of Obama's transition team, once in person and once on the phone. The face-to-face meeting took place in Paulson's office for an hour on Nov. 10, with Paulson bringing Obama's team up to speed on details of pending decisions. This week Obama's transition team is expected to establish offices in the building and to begin digging more deeply into...
...that many commentators were comparing Obama with Jesus Christ, and I thought he was exaggerating. But then I read in TIME: "Some princes are born in palaces, some are born in mangers. But a few are born in the imagination, out of scraps of history and hope." Your writer thus places Obama on a more exalted pedestal than Jesus! Surely some sense of proportion is called for? Michael Grenfell, VENCE, FRANCE...
...cushion for anyone who has a bump in the road," says Levitin. "Credit cards are often the first place where we start to see all the other problems show up, from medical bills to divorce to a death in the family." And then, of course, there's unemployment. Thus, it's not surprising that credit defaults are up dramatically, at the highest rate in six years...
Stock prices, too, began to tumble as talk of bailouts and rescue plans permeated the media. The price of oil began to fall, and speculators had to put up more money for margin, but their other investments were simultaneously declining. Thus, they were forced to close out their long positions and sell oil. As everything spun out of control, everyone wanted out: a full liquidation. Even diversified investors tend to hold long positions in commodities as inflation hedges. Losses in stocks forced these long speculators to liquidate their positions in all commodities...
...death and rebirth of American liberalism both began with flags in Grant Park. On Aug. 28, 1968, 10,000 people gathered there to protest the Democratic Convention taking place a few blocks away, which was about to nominate Lyndon Johnson's Vice President, Hubert Humphrey, thus implicitly ratifying the hated Vietnam War. Chicago mayor Richard Daley had warned the protesters not to disrupt his city and denied them permits to assemble, but they came anyway. All afternoon, the protesters chanted and the police hovered, until about 3:30, when someone climbed a flagpole and began lowering the American flag...