Word: crediteers
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This year's BMF was a wholly global affair, with fourteen corporate sponsors that included such multinational giants as Audi, Credit Suisse, UBS and American Express. Performers came from across Europe and the Americas. Germany alone sent two complete opera companies - a massive mobilization that involved 420 people and 16 trailer-sized shipping containers. The overall program was an eclectic one that included an evening-long tribute to Leonard Bernstein performed by the China Philharmonic, a globally competitive orchestra that pushed aside the government symphony in 2000 and that Long himself was tapped to lead. Just days after...
...Japanese experience of the 1990s. Indeed, New York Federal Reserve governor and vice chairman of the Federal Open Market Committee Timothy Geithner was Treasury attaché in the Tokyo embassy for the first half of that decade. That's when a widespread banking crisis led to a credit crunch, an economic slump and eventually interest rates that were lowered to zero by the Bank of Japan. Even so, Japan's banks, which were in the process of repairing their balance sheets, were extremely reluctant to lend. Thus, even though interest rates were low, the economy weakened. Prices for pretty much...
...hard fought game,” Donato said. “I give RPI a lot of credit. We really worked hard. We’re very happy to come away with...
...based Whats Up magazine. The future looks precarious, to say the least. The role Spare Change plays as an agent for empowering the homeless gives it value beyond that of economic improvement, jobs, or profit. Its value is cultural. Articles in a recent issue highlighted the effect of the credit crisis on soup kitchens and non-profit organizations, explained referenda on the ballot yesterday, and offered a heroin addict’s perspective on recovery. These voices define Spare Change as a cultural institution unique to Harvard Square—an area long known for its pursuit of truth. Through...
...think if we hadn't had the collapse of the global credit market, yeah, I think we might have been able to fight our way through it. I was just looking at the popular vote. It's 53% to 46%. We were probably three or four points on top of him before Lehman Brothers went down. You had a country that was fed up with the Bush Administration, horrible wrong-track numbers, and an opponent with $700 million. We had $85 [million]. And we got 56 million votes. That's not too bad in this environment. All the really, really...