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...said that fear is both an important and necessary part of politics. “We need more fear in politics,” he said. He analogized the use of negative ads in campaigns to warning calls in dangerous situations, equating it to “yell[ing], ‘Fire!’ in a crowded theater when there is fire.” Castellanos entertained the audience and exemplified the use of fear in politics with television ad clips from various campaigns. “Every time we [Republicans] go back to 9/11 in New York...
...rest of Europe, where residents had deposited billions in the other two Icelandic banks attracted by their high interest rates. Amidst the banking run that immediately followed, the British government transferred authority over an Icelandic subsidiary in the UK, and then sold it to the Dutch firm ING. Because Landsbanki had over 300,000 British depositors through its Icebank subsidiary, Prime Minister Gordon Brown’s government used anti-terrorist legislation to freeze Icelandic assets in the UK, including property of the Icelandic Central Bank. Just a few days later, Chancellor of the Exchequer Alistair Darling added fuel...
...than cheer about. Over the weekend the heads of French savings bank Caisses d'Epargne were forced to resign following revelations that unauthorized derivatives trading last week produced a $810 million loss. On Sunday, meanwhile, the Netherlands said it would inject a further $13.5 billion into troubled finance company ING - another indication that European banks may not yet have entirely accounted for all the toxic debt they assumed...
...loved Marilyn Monroe. We met when she was 18 and I was 21. She was such a beautiful girl, and back then I was lighting up with every girl I could meet. I never forgot what she looked like, and I'm not bulls---ing you. It was an incredible experience when this girls' clothes were off. She was exquisite. Perfectly formed. How many times in your life are you going to meet someone like that...
...Given that contrasting picture and yoyo-ing it produced this week, it might be wise to prepare for markets altering their view of the economic glass as half full or empty almost daily. When investors eventually return to reasoned trading, some observers think, the wider picture won't be as dark as many people expect. Touati notes, for example, the rescue plans, rate cuts, drop in oil prices, and fall of the euro are all positive developments for businesses. The downward pressure on stock prices across the board, meanwhile, suggests speculative markets are already factoring in anticipated declines in company...