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Politics : Welcome to Slider's Dugout
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From: grusum4/18/2009 12:30:23 PM
1 Recommendation   of 50468
 
get ready to hear more of the new politically correct buzzwords..

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ECONOMICS
Just Make It Sound Nicer
By Barrett Sheridan | NEWSWEEK
Published Apr 11, 2009
From the magazine issue dated Apr 20, 2009

As the financial crisis evolves, so does the vocabulary being used to describe—or obscure—it. Looking to neuter some of the most loaded terms, policy wonks and businessmen are feeling the urge to rebrand. Last week NEWSWEEK’s Dan Gross noted Treasury Secretary Tim Geithner’s transformation of toxic assets into “legacy assets”—and that’s just the most salient tweak. A bailout, for instance, sounds much friendlier when it’s deemed “exceptional assistance,” as Geithner recently phrased it. Federal Reserve chairman Ben Bernanke and British Prime Minister Gordon Brown have backed international financial regulation, though they prefer to call it “macroprudential oversight.”
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