Word: centralizes
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...Maternal Deaths Thanks to Vivienne Walt for the thought-provoking article on maternal mortality in Freetown and the whole developing world [Sept. 29]. This issue is a priority for our people, and we will be committed to staying the course until we see results. But governments definitely have a central role to play. Rashid Abdulai, FREETOWN, SIERRA LEONE...
...because credit markets, which affect the ability of businesses and governments to borrow to fund day-to-day operations, continue to tighten in Asia as banks become more nervous about lending. In Hong Kong, the one-month interbank lending rate has doubled in the past month to 4%. Central banks are trying to pump liquidity into financial markets to avert a credit crunch. India on Monday cut the amount of cash that banks must deposit with the central bank in an attempt to loosen credit. "Credit markets are quite global," says Kirby Daley, senior strategist at financial services firm Newedge...
...YORK Chanel Stroll through Chanel's Zaha Hadid--designed and Fabrice Bousteau--curated Mobile Art exhibit in Central Park, featuring international artists from Nobuyoshi Araki to Sophie Calle...
...finished strong,” DeAngelo said, making reference to the boat’s third and second place finishes in the first and last race. “We fouled people a lot, so that’s something we have to work on.”CENTRAL SERIES FOURYounger members of the co-ed sailing team gained valuable experience at Tufts on Saturday, finishing tenth and ninth respectively in the A and B divisions. Even with a disqualification in the third race, the A division sailors managed to finish strong at the end of the stretch with...
...However, bearish traders should consider the alternatives. Despite budget-deficit restrictions and other rules applied to government members of the euro zone - and their often petulant submission to the European Central Bank 's currency and monetary policies - there is precious little to build on toward a harmonization of the E.U.'s finance sector. Regulation of banks and credit groups is still handled on the national level, and even national banks of euro-zone countries still have some decision-making power. Given that disunity, governments have little option beyond national action to stave off company meltdowns and any broader temptation...