Word: interest
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Dates: during 2000-2009
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They first did it on Oct. 6, they did it a second time on Nov. 3 - and, oops, Australia may raise interest rates again in December this year or in February next year. "A further gradual lessening of monetary stimulus is likely to be required over time if the economy evolves broadly as expected," the Reserve Bank of Australia said last week. It expects GDP to expand 1.75% this year, more than three times its forecast in August...
...potentially dangerous step. No one knows exactly how a withdrawal will affect the tentative global economic recovery - just as it is not clear, even now, whether interest-rate cuts and huge stimulus spending in the U.S. and elsewhere are resulting in sustainable economic growth. The world is in uncharted territory. Policymakers are acting on the fly, without much in the way of historical precedence to guide them...
...parents to form learning-centered relationships with instructors and fellow students - just as their kids do. "When we looked around the country, we found one-hit wonders, where parents would come into schools for daylong workshops," says Dunkley. "That really didn't produce transformative results, nor did it sustain interest or truly give support to parents...
...Confused? Here's the background. After Thaksin was deposed in a 2006 bloodless military coup and sentenced in absentia to two years' imprisonment for a conflict of interest conviction - a verdict he disputes - the exiled billionaire tycoon maintained some friends in high places. One of those mates is Hun Sen, the quixotic Cambodian Prime Minister. The current Thai government is fiercely allergic to Thaksin - and Hun Sen's move last month to offer refuge to the controversial former leader drew strenuous criticism from Bangkok, both from government and local press circles. (Read a TIME interview with Thaksin...
...Thailand's Ministry of Foreign Affairs struck back quickly, releasing a statement characterizing Hun Sen's appointment "as [an] interference in Thailand's domestic affairs [that] puts personal interest and relations before the national interests of the two countries." The country's Prime Minister Abhisit Vejjajiva echoed the dissatisfaction: "The announcement by the Cambodian government harmed the Thai justice system and really affected Thai public sentiment...