Word: hopefull
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As the financial crisis has worsened in recent weeks, hopeful eyes have turned for help toward China, the newest major player on the world stage - and a country that is sitting atop some $2 trillion in foreign reserves, a cash hoard that some economists and U.S. officials believe could be...
Will the European plans work? There is one hopeful precedent, in Sweden, which in the early 1990s solved its own banking crisis by guaranteeing deposits, injecting huge amounts of liquidity into the banking system via the central bank, and forcing banks to write down the value of their assets very...
That's exactly the sort of recessionary rationalization that charity leaders fear. For now, nonprofits are preparing for winter by paring back on nonessentials, even as they look to expand their base of donors. If the downturn is prolonged, we might see consolidations in the nonprofit sector, just as there...
Instead, the big concerted action of Oct. 8 passed with barely a shrug from Wall Street. Stock markets worldwide continued to roil, and banks everywhere remained in the firing line. "Confidence has completely crashed, and it will take a while to rebuild it," says Craig Wright, chief economist at the...
Emphasizing the vital role the Tibetan people play in China’s “national family,” Lodi G. Gyari, special envoy of the Dalai Lama, called on the Chinese government to participate in bilateral talks with a sincere desire to reach a solution, in an...