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The wording "See media for pic" was an acknowledgement that the news was already universal, and its effect was likely to nudge commuters over to Google.
Howard Archer, of consultancy IHS Global Insight, said this effect was likely to continue into the second half of this year.
Earlier in the day China's central bank injected the largest amount of cash into the financial system on a single day in almost 19 months, but analysts said the effect was likely to be shortlived.
The announcement of possible accounting irregularities came Wednesday night, saying the effect was likely to be a reduction in 1997's reported net income by $100 million to $115 million, or 11 to 15 cents a share.
A speech on July 15th by Andrew Sentance, a respected economist at London Business School, drew a headline in the Financial Times that "Strong pound puts 100,000 jobs at risk"—which he did say, but in the context of a forecast that sterling's effect was likely to be modest.
Until now, we've largely had a tepid back-of-the-envelope verdict: since tariffs were mostly removed in the 1990s with the original NAFTA, and since the new deal introduces some costly distortions, its net effect was likely to be very small and potentially negative.
Similar(40)
But neither effect is likely to be large.
The Madoff effect is likely to be long term.
This suggests to me that any effect is likely to be small.
The energy isn't going away, and at some point the cumulative effect is likely to be dramatic.
However, the greatest effect is likely to be in the Arctic.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com