Word: event
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...initial announcement, Brandeis president Jehuda Reinharz told an interviewer for a Boston public radio station that his school didn't intend to sell the entire collection, just some of it. And one day after that, Reinharz said the school would not have to sell anything in the unlikely event that the stock market recovered. All the same, he added, the Rose Museum would be closed and its building converted into an art study and research center with a gallery space...
...interest rates mean easier credit is based on a fool's analysis that banks will make risky loans just because their cost of money has dropped; There is almost certainly no truth in that. Many banks still want to keep as much capital as they can in the event of future losses. The same bankers may have been slow-minded enough to dump money into derivatives, but they are shrewd enough to stay out of lending into a real estate market which may well still be dropping...
...Britain isn't good at coping with snow would be to exercise British understatement. Heavy snow is too rare to warrant serious investment in equipment, especially in London and the southeast, where this was, as excitable weather forecasters declared, the biggest "snow event" in 18 years. The heavy fall may cost some 3 billion pounds (about $4.3 billion), since a fifth of the workforce took a "duvet day" and businesses stayed shuttered. It also stopped Tube service, caused chaos at airports and closed schools. Thousands remained shut for 48 hours, suggesting that Londoners, even more than Washingtonians, lack the "flinty...
According to McFadden, this year’s executives hope to continue expanding CEB’s jurisdiction beyond its three traditional events: Yardfest, Camp Harvard—the fall ‘Welcome Back’ celebration—and the Harvard-Yale pep rally. In October, the CEB hosted a “dinner and a movie” screening of “Nick and Norah’s Infinite Playlist.” The event was paid for out of “surplus” funds that had not been spent on the big three...
There's the rub: while snowplows may seem like an extravagance in a mostly temperate country, the "snow event," to use another weatherman catchphrase from yesterday, has cost Britain dearly, up to ?3 billion according to some estimates, with at least 20% of the workforce taking a day off and many retailers and restaurants failing to open. Economists predict that the disruption will hasten the demise of businesses already struggling in the inclement economic climate. Now the snow on the ground is turning to ice, creating fresh problems, and further snowfalls are predicted. Additionally, England could run out of gritting...