Word: uncertainity
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...effect of this spat has been to push the euro to a four-week low against the dollar as investors fret over the uncertain prospect of support for Greece. The euro closed on Tuesday at $1.35, down from a high of $1.51 in November. "The leaders are hardening positions but not for a clearly thought-out purpose," says Fredrik Erixon, director of the Brussels-based European Centre for International Political Economy. "It looks more like a chicken farm than anything else...
...bill also promises to rein in health costs by reorienting the practice of medicine, making it more efficient, with health care providers rewarded on how well they treat their patients, rather than how much care they give them. Whether it actually achieves that latter ambition, however, is far more uncertain. (See more about health care...
...efficient reallocation of capital is key to any economy but especially to one like the U.S.'s, which counts on dynamism as a competitive advantage. Lending to businesses is down; that much is true. But is that because banks are overly cautious and asset-impaired or because businesses are uncertain about the future - or just aren't creditworthy borrowers? A recent survey by the National Federation of Independent Business found that companies that couldn't borrow typically had declining sales or depressed real estate values. Simply opening the lending spigot doesn't seem to be the answer...
...light of uncertain job prospects, students looking for employment in the private sector have been forced to expand the geographic scope of their job search...
...storm clouds gather for Iraq's postelection season of political turmoil, the prospects for stable governance as U.S. combat troops prepare to depart appear increasingly uncertain. Preliminary returns released Thursday from four of Iraq's 18 provinces show the incumbent, Prime Minister Nouri al-Maliki, carrying predominantly Shi'ite areas - despite a strong challenge from supporters of radical cleric Muqtada al-Sadr. Former U.S.-installed Prime Minister Iyad Allawi, a secular Shi'ite who, like Maliki, leads a broad nationalist coalition with strong Sunni Arab representation, appears to have prevailed in predominantly Sunni areas north of Baghdad...