Word: risks
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...months ago, other parts of the economy are still in sharp decline. To quote Shepherdson again: "The epicenter of the recession has shifted from the consumer to the corporate sector." And it's possible that corporate cutbacks could lead to a relapse among consumers. "The main downside risk probably lies in sharper-than-expected multiplier effects via the dramatic deterioration in the labor market," warned Goldman Sachs economist Jan Hatzius on Monday after predicting that consumer spending would rise for the rest of the year. "Both the weekly and monthly labor market indicators still show an accelerating employment contraction...
...challenged. FX's Emmy-winning thriller Damages never would have made it on broadcast because of its byzantine twists and turns; it would have to be simplified, Law & Order -ized. Ditto HBO's and Showtime's hits: an audience intensely interested enough to pay to watch TV will reward risk, not caution...
...free? This could make the billing bureaucracy more efficient. But communication the other way, from billing to medical, would take place too. And this is more insidious. In a digital system, doctors can't simply write whatever they want: they generally must select from predetermined choices. That runs the risk of nudging them toward diagnostic decisions based on the computer's choices. The structure of an EMR, in other words, can easily offer an open invitation to create hyped-up diagnoses and inflated bills...
...Premier Wen Jiabao seems "paralyzed by fear of the downside," as Bequelin of Human Rights Watch puts it. He says the state's level of control has always oscillated, but with a long period of heavy repression having already past and no prospect of relief in sight, the risk of serious destabilization is growing fast...
...future around stronger principles of accountability and transparency and integrity and sound practices. Americans are shocked by what they see happening on Wall Street. People in Britain look at what happened with RBS [Royal Bank of Scotland] or HBOS and are angered by what they would call irresponsible risk-taking and excessively irresponsible behavior. But what people want more than anything else is that these banks and institutions work to the principles and values that they believe are important. (See 25 people to blame for the financial crisis...