Word: admitting
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...their money from New York. As nervous banks called in loans, panic selling swept the world's financial markets. But the further asset prices fell, the worse the crisis became. Securities that had been the collateral for immense pyramids of debt were suddenly unsellable. The central banks had to admit they lacked the means to stem the outflow. The only way to avoid a complete financial implosion was literally to close the world's stock exchanges. London's exchange remained shut down until January...
...place names changed. Imagine the assassination of the U.S. Vice President in Baghdad this coming June. The U.S. suspects Iranian involvement and sends an ultimatum to Tehran. Israel takes the American side; Russia lines up with the Iranians ... It's not a wholly implausible sequence. And some central bankers admit privately that they would have to struggle to counter the liquidity crunch that such a geopolitical shock would trigger. A stock-market shutdown in 2007? History warns us not to rule...
...found “a gender bias in hiring and firing decisions…at the final-choice stage.” In today’s gender-conscious world, intentionally or not, an applicant’s gender will be a factor in the hiring process. Why not admit this—and admit that the sex of our president is going to have some obvious side effects...
...First, women need to admit there is an actual problem. I can’t speak for all student groups on campus, but just look at Harvard’s political groups. During this year’s UC elections, the fact that out of seven executive tickets, only one woman candidate ran (and in the VP spot, no less) is a wake-up call to all those who are in denial. If people still have doubts, just look at the Harvard Republican Club (HRC)—their board is entirely male. That an all-male board goes relatively...
...camera of the last century! The Leica camera was the ultimate tool for many great professional photographers as well as the ultimate dream of so many great--and less great--amateurs. Notwithstanding the often superb quality of its competitors, anybody with a heart for photography has to admit that there was one camera prized above all: the Leica. INGEMAR LINDAHL Lidkoping, Sweden...