Word: lend
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Barack Obama's appointment of Berkeley professor Christina D. Romer as chairwoman of the Council of Economic Advisors is consistent with this orientation, as she is an expert on the Great Depression and may lend support to the unwarranted focus on the Depression. Indeed, Romer has supported the Fed's current monetary policy because she sees parallels with earlier financial panics. (See who's in President-elect Obama's White House...
...money at the banks, the government is on the road to prolonging the recession and effecting massive inflation once confidence is restored and the economy then has too much liquidity. By making money available to the banks essentially for free, the Fed does not guarantee that the banks will lend out the money to businesses. There is no motivation to lend money at low rates when capital preservation (i.e., lack of confidence) is still a leading issue. Rates may be low, but the banks are not going to offer these rates to the individuals and industries that can make...
...outbreak: Mugabe is a corrupt and dangerous dictator, and he must go. Even if the cholera epidemic eases—and hopefully it will—the world must not let this tragedy pass without increasing pressure on Mugabe to abdicate power.Although we encourage and applaud Western efforts to lend relief to this troubling situation, those actions are not enough. Seeds of change are more likely to be successful if sewn closer to the root of the problem. To this end, the African Union (AU) ought to play a larger role in quelling this crisis. Zimbabwe is a member...
...Student groups offer campaigns access to e-mail lists, name recognition, and a ready-made means of getting out the vote in an election that last year saw a record-low turnout of 2,181 undergraduates at the polls. Beyond that, a student group endorsement can simply lend weight to a candidate’s pitch. “When I’m going door-to-door explaining my platform, saying that this and that student group has endorsed me adds legitimacy,” Flores said. While chairing FiCom, Flores interacted with student groups seeking funding...
...called rock musical, “Chess” does not live up to its celebrity creators. Penned by Tim Rice, with music from Björn Ulvaeus and Benny Andersson, two former members of Abba, the musical often features an off-key score to lend the songs a foreboding tone. This score does little to compensate for the musical’s flimsy plot. Although the sinister score may give atmosphere to the setting, it does little to enliven the scenes of the musical...