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...down 9.44%, and Singapore Straights Times Index down 5.5%. Europe faired no better, with London's FTSE 100 and Paris' CAC 40 indices reflecting mid-morning declines of nearing 2.5%, and Frankfurt's Dax off 1.3%. Market commentators warned that trading could see-saw throughout the day, but expected European bourses to close down and Wall Street to open moving in the same direction...

Author: /time Magazine | Title: Recession Fears Drive World Markets Starkly Downward | 10/16/2008 | See Source »

...buck up banks and credit systems. "We should stop looking at stock market activity the way a mouse watches a cat, and start thinking in the medium-term," the Luxembourg Prime Minister Jean-Paul Juncker told German radio Deutschlandfunk. Belying his own maxim, however, Juncker suggested additional efforts European governments may be planning to make should "impress the financial markets...

Author: /time Magazine | Title: Recession Fears Drive World Markets Starkly Downward | 10/16/2008 | See Source »

...Russian weaponry in the next few years, which complements the joint naval and air exercises agreed upon this summer. Moreover, the two countries signed deals that allow Kremlin-controlled energy behemoths Gazprom and Rosneft to invest in Venezuela, less than two years after Chavez nationalized all assets from European and American companies in the country...

Author: By Pierpaolo Barbieri | Title: The Axis of Guns and Oil | 10/15/2008 | See Source »

...Since Medvedev and his calculating predecessor-turned-Prime Minister Vladimir Putin intervened in Georgia in August, relations between Moscow and the United States and European Union have been frosty. Though many hawks argue the Western powers were not forceful enough, Russia has paid for its bellicosity with capital flight. According to Finance Minister Alexei Kudrin, the country has lost between $10 and $15 billion of foreign direct investment and its stock market is down close to 50 percent this year. Despite the global financial crisis affecting all markets, a considerable part of such downturns for energy-rich Russia...

Author: By Pierpaolo Barbieri | Title: The Axis of Guns and Oil | 10/15/2008 | See Source »

...those with a strong background who have been encouraged to practice their skills. Rather than abandon children to calculator computations in their early years, our curricular standards for math, from kindergarten to high school, should perhaps be modeled after the more rigorous math lessons in Asian and Eastern European countries. American cultural attitudes toward math have paralyzed our education prospects: Times tables are relegated to the past, students languish in an academic environment sorely lacking in math standards, and the ubiquitous American “fear” of math looms large. We reap what...

Author: By The Crimson Staff | Title: We Love Math! | 10/15/2008 | See Source »

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