Word: direness
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...donations from direct mailings is down 27% from the same time last year. Like City Harvest, the New York Food Bank receives the bulk of its donations during the holidays, and Boroff is nervous about December. "If people start to pull back, there's going to be a dire impact on us," he says. "It's scary...
Roubini has been particularly apocalyptic, but given how things have gone in the world economy over the past few weeks, it's worth listening to this prophet of doom. Maybe things aren't as dire as he says. But maybe only the prospect of global catastrophe can compel world leaders to act forcefully while we still have some money left...
...encountered a lot of pessimism and skepticism that we'd be able to sell these bonds." Bolstered by how the Kentucky issue went, Ohio followed with a $240 million offering of its own that afternoon. "While the floodgates won't necessarily open, things aren't quite as dire as people have thought," says Scott Pattison, executive director of the National Association of State Budget Officers...
...greatest humanitarian crises, Darfur and Somalia. So it may come as a bit of a surprise to many that much of Africa is doing rather nicely, in some cases recording healthier economic expansion than nations in the industrialized world. Even amid the financial meltdown in the West and dire predictions of a global recession, the International Monetary Fund estimates that Africa will post economic growth of 6.5% this year, although the world credit crisis could trim that to 5%. And the Organization for Economic Cooperation and Development reports that a larger share of the money coming into Africa since...
...outraged that we'd do something that is so inequitable to Main Street." This group, he says, is considerably larger than the first and wants a more balanced bill. Finally, Inslee says, there is a third group that "is in favor of doing anything because the situation is so dire. And his name is Bob." Inslee isn't being facetious: it is a group of one, a constituent named Bob, who avidly promotes the view. Inslee hopes to be able to vote yes on a revised bailout bill later this week, but only if it satisfies his concerns...