Word: feds
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...sharp run-up in energy prices is "an accident waiting to happen," Federal Reserve Chairman Alan Greenspan said Monday. That's not the sound of a central banker about to start sitting on his thumbs. The Fed has been raising short-term rates for a couple years-from a fed funds rate of 1% to 3.75%. Economists expect him to keep boosting the benchmark rate to about 4.5% next year...
...Surging consumer and wholesale prices give him plenty of cover. Both measures showed their sharpest gains in more than a decade in September. And the Fed is sending out strong signals that it is concerned. Richard Fisher, the president of Federal Reserve Bank of Dallas, has warned that inflation is near the "upper end" of the Fed's target range. William Poole, president of the St. Louis Fed, has said he had no doubt that the Fed "would respond to surprises in core inflation that seemed likely to be persistent...
...Harvard matched contributions for the tsunami and Katrina but not the Kashmir earthquake. And it is true that with regards to charitable donations by the University, the administration is beholden to the emotions of the community—emotions that are largely drive by what we are fed by the media—but we fail to see a fairer system devisable. The University must balance competing interests and make these tough decisions, and so far the administration has looked to community outcry. In the case of when to match donations, we feel that the administration has done a good...
...smiled. In front of her, the chorus three women, one man, all standing in black with their fingers clasped, bouncing to the beat behind their backs sang with their chins up and their lips curled. “Look how happy they are!”Energy fed dance—by the third song even the navel-gazers tapped their toes. The better three of them in front of me traded elbow nudges and head nods. One wore white, the other black, and the third stepped back as if to judge. A duel ensued.The soldier in black stood...
...areas of the world. But it seems that those who visit Harvard view the University’s buildings and grounds as only half the appeal. The other half is that rare animal, scurrying about in its natural habitat: the Harvard student. Enough is enough. I’m fed up with nearly getting run over by a tour bus every time I try to cross Mass. Ave. in the morning as it attempts to parallel park in a space that a motorcycle would have difficulty backing into. I’ve had it with the glares that...