Word: joseph
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...many banks, including a number of the biggest ones, were bound to fail. The shockingly poor lending standards - housekeepers being approved for million-dollar mortgages - have only hastened their demise. "This crisis needs to be understood as something that has developed over the past decade," says Joseph Mason, a finance professor at Louisiana State University's E.J. Ourso College of Business. "This isn't just one black swan. It's a bunch of black swans that have hung out for a while and created a giant problem." (Read George W. Bush's top 10 economic mistakes...
...latest chapter in the crisis began in October 2008 when Tutsi rebel leader Laurent Nkunda launched an offensive, taking advantage of the weak Congolese President, Joseph Kabila, and his collapsing army. Nkunda quickly doubled his territory in the province of North Kivu and threatened to march on the capital, Kinshasa. The U.N. says a quarter of North Kivu's 4 million people are now refugees as a result. "This is war" was Nkunda's explanation...
Harvard Kennedy School professor Joseph S. Nye has been offered the post of U.S. ambassador to Japan, an appointment that could enhance the current administration’s call for greater adoption of Nye’s noted “soft power” foreign policy philosophy, according to multiple news outlets...
Meltzer is at least the seventh Harvard professor to decamp Cambridge for Washington and the third Law School professor to leave for the capitol. Kennedy School Professor Joseph S. Nye is rumored to be Obama’s choice for ambassador to Japan...
...hope - a cautious hope - is that Agriprocessors, which went bankrupt in November, will soon be sold. An Israeli firm, Soglowek Nahariya Ltd., made a $40 million offer this month to buy Agriprocessors and a smaller subsidiary plant in Nebraska. "A sale is likely," says Joseph Sarachek, a court-appointed trustee temporarily overseeing Agriprocessors' operations. "This is a real buyer." But he adds that the offer is the opening bid in what will probably be a March auction for the plant, which was once the nation's largest kosher meat producer and once Postville's major employer, with 968 workers...