Word: falling
(lookup in dictionary)
(lookup stats)
Dates: during 2000-2009
Sort By: most recent first
(reverse)
...Last fall, some of those same Western nations helped elect Youssef chairman of the International Monetary Fund's policymaking committee, giving him a powerful voice in determining the IMF's role in the global economic crisis. It's the first time a non-Westerner has held the job, and Boutros-Ghali knows he carries the developing world's expectations. His main task, he says, is to get the IMF to better understand its borrowers. "[I've] experienced the pointy end of IMF policies," he says. "I bring a view different from a G-7 Finance Minister. I am sensitive...
Inevitably, though, the laws of economics have reasserted themselves. Since oil prices plummeted, and world stock markets crashed last fall, some $75 billion worth of real estate projects have been suspended and canceled in Dubai, according to a report by the local branch of HSBC bank. Business journal the Middle East Economic Digest puts the figure at more than $300 billion. Postponed developments include the World, a luxury man-made island community designed to resemble a world map, and Dubailand, a theme park planned to be twice the size of Florida's Disney World. Housing prices have fallen...
...other things, the bailout money has helped shore up the state-owned development companies behind most of those massive building projects. Still, the shakeout is probably not over yet, according to Saud Masoud, an analyst at the Dubai office of investment bank UBS. Masoud predicts house prices could eventually fall as much as 70% from last year's highs. "You can't just put in more capital," he says, arguing that Dubai needs to be more transparent about the seriousness of the real estate crisis, and diversify its economy. "At some point demand has to meet supply. Dubai needs...
Funding for undergraduate advising will face substantial reductions next fall. The concentration fair for freshmen and sophomores has been eliminated, and the “Advising Fortnight” programming will be serially reduced, downsizing from 72 events to 35, according to a document obtained by The Crimson on advising budget cuts. In addition, the head of undergraduate advising programming, Associate Dean Monique Rinere, will leave this summer for a new post at Columbia, and her post will likely be left vacant, according to two students on the student advisory committee. The advising office faces the “loss...
...Faculty of Arts and Sciences Registrar’s Office announced last week that they would eliminate hiring temporary examination proctors beginning fall 2009 in order to trim budgets as part of $77 million in cuts made across FAS. Instead, “existing faculty, graduate students, and staff will proctor exams,” according to a May 11 announcement on the FAS planning Web site...