Word: brinks
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...rogue trader might some day land another career. Leeson is now manager of the Galway United soccer team in Ireland, and was portrayed by Ewan McGregor in the 1999 movie Rogue Trader, the film version of his autobiography. He has written a further book entitled Back from the Brink: Coping with Stress. That sounds like perfect bedtime reading this week for Société Générale executives...
...move reassured some markets. Hong Kong stocks rebounded by more than 10%. But relief may be temporary, because emerging-markets investors are finally absorbing a grim truth: the U.S. appears to be in real economic trouble. Most economists now believe the country is on the brink of its first recession since 2001, and that it could be a doozy. Forget all the talk about the "decoupling" of emerging economies, the theory that countries like China and India are no longer dependent upon U.S. trade and can continue to power strong global growth even as the U.S. staggers. "There...
Whether Kenya can be pulled back from the brink will reveal much about Africa's future. The nation embodies the best and worst of the continent--its vitality and economic potential but also its poverty, corruption and tribalism. So long as those conditions persist, crises like the one afflicting Kenya will continue to haunt Africa, stunting its growth and hurting its people. The outcome in Kenya may well determine whether Africa's renaissance sustains itself--or turns into another nightmare...
...when Lee is inaugurated next month, he will assume office at a crucial time for the Korean peninsula. In October, outgoing South Korean President Roh Moo Hyun met in Pyongyang with Kim Jong Il, marking just the second inter-Korean summit ever. The North may also be on the brink of a historic peace agreement with the U.S. - one that President George W. Bush, in his last year in office, appears to want desperately in order to shore up his controversial foreign-policy legacy. A deal between Washington and Pyongyang - predicated on the North verifiably giving up its nuclear-weapons...
...overtime behind 25-point performances from Housman and Brian Cusworth ’05-’06. Two years ago, Harvard also pulled away in the final minutes in a close game.The excitement was the same yesterday. Unfortunately for the Crimson, the result was not.Harvard was at the brink twice, and both times, the team was able to respond. And if it had not been for one play, the Crimson may have pulled out the victory.“If we could correct the little things, I thought we could make this an interesting game, and they certainly...