Word: keepeing
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...York City hotel industry's unfortunate decision to keep building: "Occupancy tumbled roughly 15 percent from a year earlier in January, while average room rates fell 15 percent. While much of the weakness reflects softening demand, an industry contact notes that about half the decline in occupancy rates is due to new hotels opening; the total number of hotel rooms in Manhattan is expected to increase by roughly 7,000 (10%) in 2009, or more than triple the net increase...
Credit Suisse, Switzerland's second largest bank, posted a $7 billion loss in 2008 and slashed thousands of jobs. But so far it has not suffered from the loss of client confidence that UBS faces. The biggest winners are small banks because "they keep their noses clean and stay out of the United States," Bretholz says. "The Swiss want their money to be safe, and they can no longer find security in big banks that operate internationally and are exposed to global risks...
...students, we should stand in solidarity with workers in these difficult and uncertain times. We must express to the Harvard administration that we are willing to make sacrifices so our friends can keep their jobs. Harvard’s educational mission should not only be an intellectual one, but also a moral one, that teaches us to put people over profits and value all members of our campus, whether they are using the classrooms or cleaning them. The strength of Harvard comes not from the rate of its endowment growth, but in the community of people that comprise...
...used to listen to him in the car...I'd notice that I disagreed with everything he was saying, yet I not only wanted to keep listening, I actually liked him." - NPR's Ira Glass, The New York Times Magazine, July...
...five foreign institutions, for two years. The Irish guarantee was heralded in some quarters as a model solution for restoring confidence, with several E.U. states following suit. But five months down the line, and with Ireland's public purse tightening, the government's promise is looking harder to keep and a run on the banks ever more likely. According to Ray Kinsella, an expert in financial institutions based at University College Dublin, a run on Irish lenders might still happen if the banking crisis continues. "Unless we get a handle on this, then all bets are off. That...