Word: waked
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...plenty of story lines to account for the pain. Financial companies, the bêtes noires of the global economy, were at it again, led by Morgan Stanley, off 22% after speculation about the status of planned investment. Or perhaps the trigger was General Motors, down 31% in the wake of being put on watch for a possible credit-rating downgrade, signaling that the broader economy is on much shakier ground than everyone thought. Or could it even have been the much vilified short-sellers of financial stocks, back in the market after a 14-day ban expired Wednesday...
...Panic of 1857 (prompted by railroad-bond defaults), the Panic of 1873 (sparked by a stock crash in Vienna) and the Panic of 1907, which started when shaky New York City banks quit lending. We learned a lot from those scares--the U.S. Federal Reserve was created in the wake of the 1907 Panic--and some believed we were too smart to panic again...
...Tibetan Authority, headed by the Dalai Lama, and the People’s Republic of China began in 2002. His continued diplomatic efforts have had some success, but he said Chinese insistence on the Dalai Lama as a major instigator of resistance has slowed down the process. In the wake of several pro-Tibet protests and demonstrations last spring, Chinese authorities charged the Tibetan spiritual leader with condoning, even encouraging, violence. As Gyari noted, Chinese officials were later forced to recognize the protests as “a strong expression of discontentment” on the part of the Tibetan...
...deepening financial mess is another wake-up call, says Scher. It has rained down home foreclosures and other calamities on Florida, slapping the slack-jawed face of a youth cohort that until now had never experienced a downturn. During the extended Florida boom of the past two decades, says Scher, "young people here grew up thinking this state was always flush, always on the upswing. Now there's a sense that something is burning here." Moller says he's seeing more Florida college seniors moving toward the Democrats as a result. "I feel like my dad did when he graduated...
...announcement will not dislodge the ANC, with its formidable branch network and massive membership, from its dominance of South African politics. Nor did Lekota specify how many ANC members he would be taking with him. Six cabinet ministers and several regional ANC leaders resigned their positions in the wake of Mbeki's departure, but it is far from clear whether Lekota has their support, or even that of Mbeki...