Word: banking
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...Renowned for her work as Nigeria’s finance minister from 2003 to 2006, Okonjo-Iweala took the World Bank position last October, just in time to see the global financial system collapse amid the credit crisis. She is now so busy that her children say they sometimes have trouble getting in touch with her. At one point, she owned seven different cell phones...
...drive has carried the daughter of a United Nations economist—who took her first step on American soil when she arrived at Harvard in the early 1970s—through three decades on the upper echelon of global economics. And as a top official at the World Bank in this time of economic duress, the Harvard alumna with a reputation for her focus and passion is now working harder than ever...
...After writing a senior thesis on Nigerian markets and microcredit, she earned a Ph.D. in regional economics and development from MIT. She spent several years working for the World Bank, taking a short leave of absence to work for the Nigerian government before returning to the Bank to serve as a vice president...
...methods used in the happiness study can produce spurious results. “There’s no such thing as a social contagion in height,” Fletcher said. Fletcher and his co-author, B. Cohen-Cole ’95, an economist at the Federal Reserve Bank of Boston, suggested that the happiness study could be biased because happy people are often friends and that their good moods are not necessarily influenced by each other. “Friends select people to be their friends based on similar characteristics,” said Fletcher...
...companies to fully compensate workers with all earned wages and vacation time. In a statement issued late Monday, Republic officials attributed the company's difficulties to the decline in the home construction market, which saw the company's sales plummet by 80%. Then it shifted blame to its creditor, Bank of America, which Republic said compounded the situation with its "unwillingness" to "continue funding the operations," according to the statement. Republic also said that it told Bank of America about possible WARN compliance issues in October 2008. For its part, Bank of America has simply said, "As a creditor...