Phase-shifting is the same process behind noise-cancelation equipment and polarized sunglasses.

FORBES: Trick of the Light

Phase-shifting adds a few steps to this process.

FORBES: Trick of the Light

The financial markets are signaling that the acute phase of the euro-zone financial crisis may be over and the crisis may be shifting into a chronic phase or more precisely, a chronic phase with likely acute interludes in which panic escalates.

WSJ: Brussels Beat: Parallels With 1920s Raise Worries Over Extremism