Word: feds
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...minimum-wage salary was turned over to the organization. She found the stringent regulation of her life incredibly grueling. "You had to ask permission to do everything," she recalls. "If you wanted to go out with a friend, watch TV or listen to the radio. I got so fed...
...Akis P. Konstantakopoulos ’06, the animated “Pom” by Grace C. Laubacher ’09, “Ted the Prophet,” an animated story of prophecy by Shai Davis ’06, and “Well-Fed and Comfortable,” a family drama by alumnus Richard L. “Lou” Howe...
...stocks will die." Indeed, one of the most impressive?or scariest?aspects of the current global bull run is that it has come in the teeth of central-bank tightening, most importantly by the U.S. Federal Reserve, which could slow growth in the world's key economic locomotive. The Fed has increased a key short-term interest rate?the so-called Fed funds rate?15 times dating back to June 2004, and is widely expected to raise it once or twice more over the next few months. A brief recession and the Sept. 11 terrorist attacks in 2001 spurred...
...Central banks everywhere have been following the Fed's lead?even the Bank of Japan, which kept rates near zero for years to try to kick start businesses and consumer spending, has finally conceded that it's time to hike rates?which is why many analysts believe the stock-market party may end sooner rather than later. Higher rates flow through the global economy in a myriad of ways by curtailing borrowing and curbing business activity. Higher borrowing costs hurt corporate earnings, which is ultimately reflected by lower stock prices. Andy Xie, chief Asia economist at Morgan Stanley, says...
...global project of artists and activists dedicated to using pop culture to spread positive images of Africa. “Over 100 years of tyranny and oppression didn’t make an African a nigger, but 15 years of hip hop did it...and some of us are fed up,” SMT founder Derrick N. Ashong ’97 said at Saturday’s opening speech. “If pop culture can turn us against ourselves, then why can’t we use it as a tool to uplift and build...