Word: creditably
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...awakening from these Beijing dreams was as rude as it gets. As of April 15, the Shanghai Composite Index has slumped 46% from its Oct. 16 peak. The global credit crunch, the staggering U.S. economy, and China's efforts to tame inflation and cool unsustainably fast economic growth teamed up to quash investor enthusiasm for China stocks, Olympics or no Olympics. But might there still be a lingering chance that the Games will give China's economy a shot of adrenaline and lift stocks later this year? Many investors have heard of the "January effect." Is there an "Olympics effect...
...bright spots was senior Taylor Meehan, who made his first appearance after midseason surgery and pitched a scoreless ninth and tenth.“Everyone’s been pitching well with our staff facing a lot of injuries,” Walsh said. “Credit those seniors for coming back and wanting the ball.” Eight of the nine seniors on Harvard’s roster saw time in their last chance to play at Fenway. Tom Stack-Babich has been out for over a week with an injury, but will have another chance...
...when he balked at holding elections in the face of an upswing in support for the Conservative opposition. Another well-polished asset, Brown's reputation for sound economic stewardship, has become ever more tarnished as Britain's economy takes hits from the worldwide financial turbulence triggered by the U.S. credit crisis. It's hard to sell high-flown ideas of multilateralism or promote increases in aid to the world's poorest when your own people see the value of their homes and stocks sinking and the price of food and fuel rising...
That hasn't deterred Brown from pressing on. The impact of the global credit crunch has sharpened his thinking on multilateralism. Brown believes there are four issues in the world today that can only be addressed collectively, cooperatively and through international institutions. "We have global financial flows, but we do not have any form of early-warning system for the world economy," he says. "We have environmental catastrophe, but we have no capacity to plan, finance and act globally. We have failed states and terrorism but we've got no organizational ability to deal with reconstruction, stability, peacekeeping and humanitarian...
Such piety wins Brown little credit in the endemically cynical London media and political village. It may go down better in the land that he freely admits to loving. Typically, Brown has a policy proposal ready for the U.S. presidential candidates, one he ran past McCain during the Senator's recent visit to London. "I was trying to sell him on the idea that America's gift to the world should be to offer every child the chance of education," says Brown, adding that there are 72 million primary school-age children in the world not enrolled for class. "That...