Word: islanded
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...Fast Facts: • Krugman, 55, grew up on Long Island. As a child he developed a keen interest in science fiction novelist Isaac Asimov, whom he credited in a 1995 essay with nudging him toward the study of economics
...Kospi index fell 4.13%, while India's Sensex lost 7% of its value after plummeting in morning trading. China was not spared. The CSI 300 index, which tracks both the Shanghai and Shenzhen exchanges, was down 4.43%. Singapore's main index fell 7.72% amid economic news that the island state has slipped into recession for the first time since 2002. In a speech Friday, Singaporean Prime Minister Lee Hsien Loong predicted a continued "rough ride" for Asia. "The world is caught up in a financial storm, and dark clouds fill the immediate horizon," Lee said to a meeting of Indian...
...much to ask the G-7, which normally reserves its energy for pointless but massively expensive annual summits in deluxe resorts like Heiligendamm, Germany, or Sea Island, Georgia, to take dramatic steps to address the financial crisis that is sweeping the world. But we should at least expect that the seven most powerful national economies would not make things worse at a moment of global need. Or should...
...longer know what to make of Brown. The Bears won a game they had no business winning against Harvard and confirmed their status as the trendy Ivy League pick in Week 2. Then they go ahead and get blown out by a 2-4 Rhode Island squad. If the Open Curriculum All-Stars would stop choosing when to win and lose the way they choose classes, maybe my job would be a little easier...
...both Ohio and Kentucky - and the Long Island Power Authority in New York, which also sold bonds that day - paid much more of a premium over Treasuries than they would have before the credit crunch began in the summer of 2007, says Matt Fabian, managing director at Municipal Market Advisors. Ohio, for instance, is paying almost 1 percentage point more in yield for 20-year bonds than it did a year ago. "Maybe this is the new normal," says Fabian...