Word: creditably
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...harder to crack, and Indonesia has a reputation for fraud now that precedes its online shoppers. More and more merchants around the world refuse to ship to Indonesia. But the "carders" of Bandung have found a way around that. The trick is not to identify themselves as Indonesian. The credit cards they use are usually from other countries. When a carder provides the shipping information, he makes up a name and street address, leaving off his country's name and asking instead that the merchandise be sent to "Java West, India" or "Bound Dungs, Australia." The carder's hope...
...despite the fear, the end is not, in fact, nigh. After an orgy of excesses in the credit and housing markets, a measure of sobriety and restraint may have a useful cleansing effect. That said, tremendous risks remain - not least a mounting threat of a U.S. recession. Surveying this treacherous landscape, Paul Donovan, a global economist at UBS, predicts: "It's going to be very unpleasant but it's not a disaster...
...course, the "core problem" is the U.S. property market, says Han de Jong, chief economist for ABN Amro in Amsterdam. "In hindsight, the housing market in the U.S. was a bubble." The cause? Superlow interest rates that encouraged lenders to offer loans to virtually anyone, even those with bad credit. Those loans were then bundled together into exotic derivatives and sold off to financial institutions worldwide; when borrowers began to default on their mortgages, money managers from São Paulo to Seoul suffered huge losses...
...ramifications of this housing and credit debacle now look far worse than previously expected. Housing sales and starts are down sharply, while shares in everything from homebuilders to banks to mortgage insurers have been massacred. Moreover, there's a deepening fear that U.S. consumers - a key driver of global economic growth - might dramatically pare back their spending in the wake of this assault upon their wealth and confidence. In a recent letter to shareholders, legendary U.S. money manager Bill Miller warned: "The difference between what is unfolding now and the Crash of '87, or the problems with Long-Term Capital...
...that the committee would do its best to move forward on issues of implementation. Jorge I. Dominguez, professor of Mexican and Latin American politics and economics, asked if “good departmental courses” would need to meet the multidisciplinary threshold in order to fulfill Gen Ed credit. Harris responded that while multidisciplinary content will be one criterion, the committee expects “many or most” of the Gen Ed courses to be “well anchored in disciplines.” Addressing questions about Core categories bleeding naturally into Gen Ed ones, Harris...