A Tsunami of Excuses
IT’S been a year since Bear Stearns collapsed, kicking off Wall Street’s meltdown, and it’s more than time to debunk the myths that many Wall Street executives have perpetrated about what has happened and why. These tall tales — which tend to take the form of how their firms were the “victims” of a “once-in-a-lifetime tsunami” that nothing could have prevented — not only insult our collective intelligence but also do nothing to restore the confidence in the banking system that these executives’ actions helped to destroy.
In all three, the ever rising wave of global economic troubles is known as the “financial tsunami,” a reference to the deadly Indian Ocean tsunami in December 2004. But it is the collapse of exports, not financial markets, that is prompting questions about how to limit vulnerability in the future.
Tokyo Titanic
The economic tsunami is sinking Japan.
Yahoo Seeks Jolt With Ad Service
Yahoo pushed out a significant upgrade to its online-ad system as it aims to regain online ad share from competitors.
Moderate earthquake jolts Japan
The Associated Press -
Japan's Meteorological Agency said no tsunami 海嘯warning was issued. The magnitude 5.1 earthquake was centered off the coast of Ibaraki, about 90 miles north ...
7.9 Magnitude Jolt Strikes in Sichuan
A powerful earthquake struck a mountainous region of western China, killing more than 8,500 people and trapping more than 900 students beneath a collapsed high school.
美國民主黨總統參選人希拉里贏得得克薩斯、羅得島以及俄亥俄三州的黨內初選。
Everybody leads with yesterday's primaries, where Sen. Hillary Clinton won key victories in Ohio and Texas primaries, which marked another comeback for the former first lady and assured Democrats that the fight for the nomination will continue. Sen. Barack Obama won Vermont, and Clinton received more votes in Rhode Island. The New York Times points out that Clinton achieved victory in Texas by a small margin, but her earlier, more decisive, win in Ohio allowed her to "deliver a televised victory speech in time for the late-night news." By breaking her opponent's winning streak, Clinton effectively "jolted a Democratic Party establishment that was beginning to see Obama as the likely nominee," says the Washington Post. USA Today mentions that Obama had hoped to "provide a knockout punch" yesterday, and the Los Angeles Times says Obama looked "disappointed" last night even as he emphasized that he continues to lead in delegates. Everybody notes that despite the momentum that Clinton might gain from the high-profile victories, she still faces an uphill battle to narrow Obama's lead.
jolt
verb
1 [I or T; usually + adverb or preposition] to (cause something or someone to) move suddenly and violently:
The train stopped unexpectedly and we were jolted forwards.
The truck jolted along the rough track through the field.
2 [T] to shock someone in order to change their behaviour or way of thinking:
The charity used photos of starving children in an attempt to jolt the public conscience (= make them feel guilty and take action).
jolt noun [C]
1 a sudden violent movement:
As the plane touched the ground, there was a massive jolt and we were thrown forwards.
I woke up with a jolt as I thought I heard my bedroom door being pushed open.
2 an unpleasant shock or surprise:
His self-confidence took a sudden jolt with the news that he had not been selected.
━━ vi. がたがたする, （馬車などが）がたごと進む.
━━ vt. がたがた揺さぶる; がくんとぶつかる; ((副詞（句）を伴って)) （精神的に）ショックを与える［与えて…させる］.
━━ n. 動揺, 衝撃, がたつき; 精神的衝撃, 驚き.
pass-throughn.
- An opening between two rooms, especially a shelved space between a kitchen and dining room that is used for passing food.
- A route through which something is permitted to pass.
- A security that passes through payments made by debtors, thus providing investors with regular returns. Also called pass-through security.
Example: Common pass-throughs in commercial leases areTax Stops, Stop Clauses and Common Area Maintenance (CAM).
- See pass-along.
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