Word: calmness
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Saffron robes usually evoke spiritual calm. But for Burma's military leaders, a surprise gathering of monks is anything but peaceful. On Wednesday in the commercial capital Rangoon, hundreds of Buddhist clergy gathered around the nation's beloved Shwedagon pagoda to protest August price hikes that are pummeling an already impoverished populace. More than a thousand monks also rallied in other parts of the country, their daily alms routes turned into paths of protest...
...That dramatic, gilt-edged guarantee (since, even theoretically, it has put U.K. taxpayers on the hook to bail out a business that supposedly lived and died in the free market) was enough to calm the markets Tuesday. While some of the Newcastle-based bank's savers still waited in lines to withdraw their cash, the bank's stock rose 11% in early trading, halting the freefall that has halved its share price since Thursday...
...system for insuring customers' bank deposits also muddled the authorities' message for calm. Should a bank fail, savings of up to around $60,000 are protected. For those customers with bigger deposits, the safeguards are less clearly defined. If authorities are to reassure savers in the event of another bank hitting the buffers, they'd do well to reform this system says Alex Potter, an analyst at Collins Stewart in London. For now, though, Northern Rock is trying to get back to business. "These have been troubled times," CEO Adam Applegarth said in full-page newspaper ads published today...
That much Fukuda can likely accomplish. As chief cabinet secretary for popular former Prime Minister Junichiro Koizumi - a post he held for a record 1,259 days, a period unmatched by any other post World War II minister - Fukuda earned a reputation for calm competency that should appeal to a public and a party still shocked by the utter disintegration of Abe's administration. But it seems far less likely that Fukuda will be able to help the LDP at the ballot box. (Legislative elections aren't scheduled until 2009, but with the opposition empowered by its recent win, early...
...indicators still point toward growth--albeit less convincingly than two months ago. "Having a jobs report come in negative does not mean that a recession has started," says managing director Lakshman Achuthan. But the risk is there, and Achuthan guesses it will worsen if loan markets fail to calm down. If a month from now a borrower with good credit still can't get a jumbo mortgage at a reasonable rate, a recession will be much likelier...