Word: chief
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...Instead, the big concerted action of Oct. 8 passed with barely a shrug from Wall Street. Stock markets worldwide continued to roil, and banks everywhere remained in the firing line. "Confidence has completely crashed, and it will take a while to rebuild it," says Craig Wright, chief economist at the Royal Bank of Canada, who is nonetheless hopeful that these and other measures will eventually start to work. "But it's hard to hear positives in a thunderstorm of gloom...
...There's this idea that Obama will be a transformational figure, a leader of the world," says Karim. "But he's a Democrat, and Democrats have traditionally pushed protectionism and human rights, issues uncomfortable for Asia. Obama's key constituency is the U.S.; he will be the Commander in Chief, advancing American interests, not the world...
...Wyss, whose net worth is estimated at $6 billion by Forbes magazine, made his fortune from Synthes, a Swiss-based medical device company. He stepped down as chief executive of the company last year in order to devote more time to his philanthropic pursuits. He now heads the Wyss Foundation, which gives money to environmental causes, including scholarships to students doing graduate work in land conservation...
...Ever since Obama secured his party's presidential nomination, it's been clear that a big part of any successful effort to beat him in the general election would have to involve defining him as unacceptable and unqualified to be Commander in Chief. Clearly, the Republicans have not done enough on that score to influence public opinion and slow Obama down, and McCain will need to use the vast audience tuning in to the final two debates to effectively paint Obama in those negative terms...
...failing. Gros recommends a common European scheme to shore up capital of distressed banks and the establishment of a "clear center of joint responsibility for the supervision and liquidity support of cross-border European banks," which he says should be housed in the European Central Bank. (At present, the chief tool available to the ECB is lowering interest rates...