Word: creditably
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...best explanation for the good times is liquidity. Thanks to global integration and financial innovation, higher short-term interest rates have not translated into monetary tightening. On the contrary, the world economy has been swimming in credit of every conceivable kind. Money-supply figures for the U.S. understate the phenomenon because billions of dollars flow abroad every month to finance the American trade deficit. The world's central banks control about $5 trillion of reserves. This in turn has raised monetary growth rates. The total value of commercial-bank assets worldwide is close to $56 trillion, and bank loans...
...financial crisis happened even faster. Within days of the Austrian ultimatum, the delicate web of international credit was torn to shreds. German trading companies ceased to remit the money they owed to brokers in London. European investors rushed to withdraw their money from New York. As nervous banks called in loans, panic selling swept the world's financial markets. But the further asset prices fell, the worse the crisis became. Securities that had been the collateral for immense pyramids of debt were suddenly unsellable. The central banks had to admit they lacked the means to stem the outflow. The only...
...sense of priorities - which is why the House Ways and Means Committee is threatening to look into the current coach-salary arms race, especially at public universities. Congress should go full bore on this one. True, football has always enjoyed inordinately privileged status on most large campuses. To their credit, the programs galvanize a school's sense of community and, in cases like Bryant's, often showcase coaches as exemplary teachers who burnish instead of blemish a school's academic aura. But that's precisely the sin of Alabama and other schools: by morphing the college coach from Knute Rockne...
...purpose for the Women’s Center. We’re halfway through the year, and it seems that this much-anticipated safe haven has yet to find its heart. After all, free copies and cookie dough do not a Women’s Center make. To its credit, the Women’s Center is still searching, too, and continues to ask students what it should be doing. But in the New Year, we look forward to fewer e-mails asking what the Women’s Center should do, and more e-mails about what it?...
...give that search committee of Mr. Houghton a lot of credit for bringing somebody in that could really shake the place up,” Merck says, alluding to Houghton’s role on the panel that picked Summers. “The big thing is that they shook the cage and things are starting to move...