Word: impaction
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...severe downturn. Interbank lending remains stubbornly frozen, despite the Fed's liquidity fire hose. With WaMu and Wachovia wiped out, the stampede out of bank stocks and bonds will surely claim new victims. As the recession bites, Main Street firms will start going bust too. And the impact on the $62 trillion market for credit-default swaps could be explosive...
...China FOOD FEARS GONE GLOBAL The impact of the melamine-tainted-milk scandal has spread beyond China's borders, with major multinational brands testing or recalling their products. Several firms, including Heinz, say their actions are only precautionary, while Mars Inc. has questioned the accuracy of the Indonesian government's tests of its candy. Meanwhile, the parents of a 1-year-old boy have filed a rare lawsuit against a Chinese manufacturer, claiming its milk powder had sickened their...
Adam R. Gold ’11 lives in Adams House and plans to concentrate in physics. His column, “Fully Charged” is about science and technology and how they impact Harvard students. The column will try to touch on topics ranging from Napster to nanotubes and will focus on bringing the latest research to the rest of us on alternate Mondays...
...Rebrand the Bill The word bailout is a deal killer. "People feel the breaks are being given to financial institutions and not to the consumer," says Slovic. He recommends calling it a Consumer Protection Act. It may be too late for this change to have much impact, but any change in language that acknowledges real people would be an improvement...
...crackdown on sagging not only has strained relations between young black men and law enforcement but it could also have a significant economic impact on inner-city residents struggling financially, says Tricia Rose, a professor at Brown University's Department of Africana Studies and the author of the forthcoming book The Hip Hop Wars: What We Talk About When We Talk About Hip Hop - And Why It Matters. The average median household income in Riviera Beach is about $10,000 lower than that in the rest of the country, and the city's per capita violent-crime rate is higher...