Word: bankses
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At the core of the mounting concerns about deflation is this: the global financial system is going through a vicious process of deleveraging. Financial institutions are reducing debt and raising capital, either directly from governments or from private-sector sources. By desperately trying to rebuild their battered balance sheets and...
“It was about 5:45 p.m., the most beautiful time of day, when the sun glows orange and the river’s reflective darkness stands out against the rusty color of the sky and the luxuriant spinach green of the jungle. As I sat idly watching...
TYRA BANKS to give away sex-change operation. Oprah still has the better gifts
It’s a sign of the times that a panel on the financial crisis could draw 200 people to the Harvard Kennedy School in 25-degree weather. Nobel laureate Joseph Stiglitz headlined a panel of financial experts in the John F. Kennedy Jr. Forum yesterday. He said that...
Unemployment is upwards of 80%, and inflation is pushing 231 million percent. Cholera outbreaks have been reported in cities, and the failure to plant crops will leave 5.1 million Zimbabweans needing food aid by January. The World Food Programme (WFP) was recently forced to shrink the food ration made available...