The IMF believes that between 100bn and 200bn euros would be needed to shore up Europe's banks against future shock.
To the researchers at Pfizer, Merck, and Eli Lilly, this world could induce a pretty terrible case of future shock.
He cites Future Shock, Alvin Toffler's 1970 book, which introduced the idea that humans simply aren't emotionally prepared for the pace of technological change.
In 1970 Alvin Toffler wrote Future Shock, still one of my favorite futurist books, even though the future for which he tried to prepare us is in many ways already yesterday.
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For a country that has grown used to an ever brighter economic future, that is a nasty shock.
That either means the recovery won't actually materialise, because households won't want to borrow on that scale, or it means that the economy will remain vulnerable to an interest rate shock for the foreseeable future (if interest rates rise, the spending power of consumers would be devastated).
" One general believes this shock to soldiers might haunt Wahid in the future: "This is the perfect condition for political intrigue.
So in the middle of a deep recession, that would have been a brutal and irreversible shock to the entire economy and to the future of millions of Americans.
Heavily indebted companies are also more vulnerable to economic shock and bankruptcy, increasing the risk and magnitude of any future financial crisis or recession.
With the defense industry at a crossroads in the aftermath of the Presidential election, awaiting resolution of the fiscal cliff and the future of their relationship with the government, the sudden move at Lockheed comes as a shock.
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