"He grew up in Bourbon County, Ky., where stories about Mr. Thornton and his failed drug operation, as well as the dead bear, were considered local legends."
“Proximity bias refers to the tendency of people to favor and give preferential treatment to individuals who are physically present or working near them.”
"To cite just one example: higher rates in Japan could well prompt its investors to reduce holdings of non-Japanese fixed income, influencing US bond prices in turn."