Word: likelihood
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Overall, though, the likelihood of a full-scale meltdown is, if anything, less likely because of Asia's troubles. Japan may hold more than $315 billion in U.S. Treasuries, or more than 9% of the total, but the notes give Tokyo some of the highest returns in its otherwise sagging portfolio. The roughly 5.64% yield on a 10-year Treasury bond is more than 3 percentage points higher than the payout on equivalent Japanese securities. Besides, any move out of U.S. bonds would drive down the value of U.S. currency, pushing up the yen. And a strong yen would make...
...spate of preconference workshops held during the past few months in an effort to narrow the differences--sticking to its guns. "I'm confident that some kind of agreement will be worked out in Kyoto," says Toshiaki Tanabe, Japan's ambassador for global environmental affairs. But there is every likelihood, in fact, that the U.N.-sponsored conference will accomplish nothing substantive...
However, the stance of the house masters implies an indifference to the realities of Harvard life. Even without universal key card access, students can always find other students to let them into any of the houses. Preventing universal access only adds to the likelihood that mysterious, non-student wanderers will gain access. Therefore, in the interest of both convenience and safety, we ask the house masters to open their houses to all undergraduates, and we ask the administration to push the house masters towards implementing such a policy...
...global stage and consolidate his power against Beijing hard-liners. While the nation?s leaders, on both sides of the aisle, are likely to accord Jiang the respect he needs, the Chinese leader's dealings with the press and hostile congressmen, a scheduled speech at Harvard, and the likelihood that he?ll be dogged by protests across the country, all create potential for damaging incidents beyond the control of the administration...
...father's old allies. According to the book Mob Lawyer by Frank Ragano and Selwyn Raab, James and his wife received thousands of dollars in cash as a wedding gift from Mob-connected associates of his father--a charge Hoffa has denied. And there's also the likelihood that the Independent Review Board that monitors the union will closely scrutinize Hoffa's campaign finances. He raised $3.6 million for the '96 race, including more than $2 million from untraced small donations of less than...