Word: sohn
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More than a crime writer or social dramatist, Simon is a poet of beautiful losers. He has an unfailing ear for dialogue (getting a hard-to-solve case is "catching a stone whodunit"), and he's abetted by the subtle performances of regulars like Sonja Sohn and Wendell Pierce. Even crooked union boss Frank Sobotka (Chris Bauer) is more pitiable than loathsome--he's a dinosaur and knows it--and his underlings are the blue-collar counterpart to last season's no-hope drug soldiers, who are on the scene this year too. If The Wire depicts...
...that war jitters were costing his metal-fabricating firm $2 million a month in lost orders--about 20% of his anticipated business. Raimondo expects spending to pick up now, as it did after Gulf I. Orders last week were twice what they were a year ago. Says Sung Won Sohn, chief economist at Wells Fargo: "When I visit our customers throughout California, they all tell me they need to replace everything from ball bearings to electronics...
...SOHN: Consumers consider stock-market gains to be more transitory than housing gains. When housing values go up, you tend to spend more...
...SOHN: Americans took out about $70 billion to $80 billion of their home equity. Did they blow it? I don't think so. The surveys show that the money went first to home remodeling, then to debt consolidation, investments in stocks and bonds, and consumption like buying a car or taking a vacation. It was used responsibly, boosting economic growth...
...SOHN: There is a crisis of confidence in the stock market. It is wider and deeper and more basic than it used to be. People are saying, "I knew the stock market was a gamble, but I thought it was an honest casino. I am mad and angry, and I am going out and buying a car or house instead of being in the stock market...