Word: viciousness
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...badges, pins, posters - were sold off, their proceeds helping folk survive in the wild and freewheeling free market. But there was also a knowing embrace of the absurdity of it all. A popular Polish cartoon showed a man clutching a Polish flag stepping out of the jaws of a vicious-looking fish labeled Socjalizm and straight into the open mouth of an equally angry-looking fish labeled Kapitalizm...
...most important business dynamic that works against job creation in an economy dropping this quickly is the fact that every worker is a consumer. Layoffs set in motion a vicious cycle that undermines a major pillar of any expansion. Consumer confidence drives the process that is the largest single component of GDP. In this recession, the trouble is compounded by an unprecedented lack of access to credit because of housing prices and the near failure of the banking system. (See pictures of office cubicles around the world...
...Also, Citigroup announced on Friday the outline of a deal with Treasury to convert the government's holding of Citi preferred stock into common shares. The U.S. Treasury could end up owning more than 36% of the ailing bank. But confidence in the financial community remains low. Describing a vicious cycle of risk aversion, former Fed chief and current Obama adviser Paul Volcker told Congress's joint economic committee on Thursday that "an insecure bank faced with what it sees as insecure borrowers is not a very eager lender. It's a problem of lack of good borrowers, confident borrowers...
...also deeply moved by South Korea's destitution. In the early 1960s, the country's per capita national income was just over $100 and the economy depended on American aid. Park, a virulent nationalist, vowed to do something about this. "I had to break, once and for all, the vicious cycle of poverty and economic stagnation," he later wrote...
...middle hitters that can really hit the ball,” Harvard coach Brian Baise said. “They played really well on the outside and blocked extremely well.”The Raiders dominated from the onset of the game, relying on flawless passing, powerful serves, and vicious kills to jump out to a 19-13 lead. With recently-departed freshman hitter Nicola Ivica watching his former team from the stands, the Crimson made Rivier’s job look too easy, as it was unable to establish its offensive game. Making matters worse, the team also lacked...